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All Forum Posts by: Mark Brazier

Mark Brazier has started 7 posts and replied 22 times.

Buying & Selling Real Estate

Post: good deal or bad deal?

Mark BrazierPosted
  • Bracebridge, Ontario
  • Posts 22
  • Votes 5

There is a property I'm currently interested in and I'm wondering if I can get some opinions. It is on a main road in a smaller town so it is busy but not too busy. Every house on the road which is about 50 homes are occupied and I am being told by my uneducated opinionated step father that he thinks it is a terrible investment. 

But here are the numbers. I intend on offering 75k and paying no more than 85k. It needs 40k-60k repairs worst case scenario. My total investment including purchase price into the property will be a maximum of about 140k. The ARV is 190k-210k leaving me with 50-70k equity in the property. I plan to refinance and put up for sale. What could be wrong with this deal?

0 Votes
Questions About BiggerPockets & Official Site Announcements

Post: Questions From A Canadian Member

Mark BrazierPosted
  • Bracebridge, Ontario
  • Posts 22
  • Votes 5

I am currently considering a Pro account to take my real estate business to the next level, but before doing so I was wondering about the marketplace on BP. It doesn't seem to look Canadian friendly at all. Am I missing something here or is there opportunity for us canadians in the marketplace as well.

Mark

0 Votes