How to Tell if Your Deal is Worth It? (Premium)
Test your deal evaluating skills?Every successful investor balances the risks with the benefits. Let’s test your insights:
You find a house worth $180K; the seller owes $135K. At 7.75%, monthly pmts are $1003. The seller is $1800 in arrears, and you estimate that you’ll need about $5000 in fix up costs. In your market, you estimate it will take about 3 months to get a tenant-buyer that will pay the market rate of $1350 per month.
Is this a good deal?
Let’s do the Math. Let’s review the numbers below and then break it down.
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