All Forum Posts by: Chuck Williams

I am a fairly new investor with a few SFHs under my belt. I have walked away from deals before when I thought the value wasn't right. I've read about the 2% rule and a few others when buying potential rehabs. My problem is, I found a beautiful home (at least "I" think its beautiful) with some nice features that needs a little work. The main thing is a possible roof repair/replacement. The house is a 3/ 1.5 SFH. It's currently priced at the very top of its local market, as I've seen comparables that sold for 10k less. I'm not sure if those comparables needed roof work. Even with a new roof, the house is still expensive for the area. On the other hand, its a sure rental in a good neighborhood, and I can see myself holding on to this for some time. Am I crazy for wanting to buy this property anyway?