All Forum Posts by: Jerold Smith

i don't see your ARV that high. it does go that high if you have a pool but the subject property doesn't. Your highest comp went for $205k when filtering at or below the subject property's beds, baths ,sq footage, year built and within a mile of the subject property. make sure you're not exceeding these figures while running your comps or you may not be an investor for long.

the listing doesn't have interior photos which usually means there's a lot of rehab needing to be done. I would estimate $30/sq ft until you get some hard estimates putting this rehab around $60k. 

that would make your MAO $89k if you're using the (75%)-repair rule and they're unlikely to make that kind of reduction unless you're putting like $10k or more down as earnest money and willing to do a quick close with only a 3 day option. So its possible you could get it but unlikely since its only been on the market 1 day. they'll probably wait and see what other offers they could get.

Welcome to BP 

Are you the listing agent?

No not the listing agent just a property I noticed could be a good investment. 

Welcome to BP 

Are you the listing agent?