All Forum Posts by: Michael Aanerud

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Michael Aanerud has started 1 posts and replied 2 times.

Hi Ben. Off market. Rehab would be an exterior deck, exterior railing some sort of ceiling work. I have not been in the property yet but the old tenant gave me the notes about necessary repairs. Also, a possible electrical upgrade in order to get financing. Both myself and contractor. No space rent. Yes, in Naci.

0 Votes

Hey Everyone. If you don't mind, can I bounce a deal of everyone? Would love to read your thoughts on this. The property is located on the Central Coast of CA and is one of the cheapest homes within a 2 hour drive. Great community. Great location. Healthy HOA. Emerging market with positive future.

Home= 1973 Modular home in lake community.

Purchase price = $130,000

HOA = $90

Rehab cost = $15,000

ARV= $195,000

Rent= $1200

The goal is to keep this as an investment property.

Your thoughts?

1 Vote