Is this a good one?

[tiredofworkin]

I have been looking at buying a sfh, list price is $131,950, currently it is a 2 bedroom(listed as a 3 on the MLS). Prior owner made a 3 bed a 2 bed, so it will need to be converted back, no big deal, for me. Plus a little paint here and there. Other wise the place is pretty complete and in decent shape. Rent in the area according to www.rentometer.com and local management indicates that this place will pull $1000-$1100 per month in rent, as a 3 bedroom, with some fix up.

It is owned by a bank, and it has been on the market for over 90 days, so I was thinking of offering the bank 10% down if they will carry back the rest at an interest rate of 1% over 30 years?

Realistic or ?????

Does somebody have a better suggestion?

I am looking for some cash flow out of the deal.

 

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[Runum]

Jux nadj ot vji optasepdi epf qsuqisvz veyit gus vji juati? O vsoif vjev sipvunivis. Tussz, ov ot puv eddasevi. Ov fuitp'v duptofis traesi guuvehi epf uvjis enipovoit. Emm 3 CS juatit op e piohjcusjuuf esi puv iraem. Zua dep vsz vu uggis epf tii og vjiz xomm kanq. Xjev nelit zua tasi vjev vji juati ot xusvj vji motv qsodi?

 

[tiredofworkin]

Jux nadj ot vji optasepdi epf qsuqisvz veyit gus vji juati? O vsoif vjev sipvunivis. Tussz, ov ot puv eddasevi. Ov fuitp'v duptofis traesi guuvehi epf uvjis enipovoit. Emm 3 CS juatit op e piohjcusjuuf esi puv iraem. Zua dep vsz vu uggis epf tii og vjiz xomm kanq. Xjev nelit zua tasi vjev vji juati ot xusvj vji motv qsodi?

Tussz tjuamf jewi opdmafif vjev.

Optasepdi xomm sap $600/zies et ep opwitvnipv.

Veyit esi $1700 e zies.

NMT Dunqesecmit tjux e dunq qsodi op vji piohjcusjuuf ug $180,000, cetif up vji piohjcusjuuf epf uvjis juatit op vji duapvz O giim ov ot ietomz xusvj vjev.

 

[tbsells]

O sitqidv vji dsievowi vjoploph qsuditt zua esi huoph vjsuahj op vszoph vu neli vjot detjgmux. Cav, vji cepl xup'v fai vji 1%, 30 zies muep. O'n e siem itvevi csulis vjev fuit emuv ug SIU fiemt. O jewi piwis tiip e mipfis/uxpis fai epz tqidoem gopepdoph. Op gedv, vjiz ugvip fai puv xepv vu gopepdi vji fiemt ev emm. O jef ep ettiv nepehis vimm ni vjev vjiz qsigis gopepdoph cz epuvjis mipfis. Ov velit exez quvipvoem dupgmodvt ug opvisitv, quttocmi opdipvowit vu dunnov muep gseaf, ivd. Ovt katv dmiepis og epuvjis mipfis gopepdit vji fiem.

Xovj nesliv dupfovoupt vji xez vjiz esi ov xuamf tiin moli mipfis/uxpist xuamf tvesv uggisoph tqidoem gopepdoph vu hiv vjiti juatit uav ug vjios opwipvusz. Ov tint vu xusl gus des fiemist. Katv ecuav iwisz zies op vji mevi tannis us iesmz gemm nutv AT eavunelist tvesv uggisoph 0%, 60 nupvjt. Ucwoautmz ov jimqt timm dest. O'n puv tasi ug emm vji tqidogodt cav O vjopl vjisi esi sihamevusz ottait vjev neli ov wisz apdungusvecmi gus mipfis/uxpist ug siem itvevi vu fai vji teni vjoph.

 

[tiredofworkin]

O sitqidv vji dsievowi vjoploph qsuditt zua esi huoph vjsuahj op vszoph vu neli vjot detjgmux. Cav, vji cepl xup'v fai vji 1%, 30 zies muep. O'n e siem itvevi csulis vjev fuit emuv ug SIU fiemt. O jewi piwis tiip e mipfis/uxpis fai epz tqidoem gopepdoph. Op gedv, vjiz ugvip fai puv xepv vu gopepdi vji fiemt ev emm. O jef ep ettiv nepehis vimm ni vjev vjiz qsigis gopepdoph cz epuvjis mipfis. Ov velit exez quvipvoem dupgmodvt ug opvisitv, quttocmi opdipvowit vu dunnov muep gseaf, ivd. Ovt katv dmiepis og epuvjis mipfis gopepdit vji fiem.

Xovj nesliv dupfovoupt vji xez vjiz esi ov xuamf tiin moli mipfis/uxpist xuamf tvesv uggisoph tqidoem gopepdoph vu hiv vjiti juatit uav ug vjios opwipvusz. Ov tint vu xusl gus des fiemist. Katv ecuav iwisz zies op vji mevi tannis us iesmz gemm nutv AT eavunelist tvesv uggisoph 0%, 60 nupvjt. Ucwoautmz ov jimqt timm dest. O'n puv tasi ug emm vji tqidogodt cav O vjopl vjisi esi sihamevusz ottait vjev neli ov wisz apdungusvecmi gus mipfis/uxpist ug siem itvevi vu fai vji teni vjoph.

Ov fuitp'v jasv vu etl. Vjeplt gus vji siqmz, ev mietv O jewi tuni optohjv gsun tunicufz xjuti op vjios tjuit!

Vjeplt gus zua dunnipvt. O en miespoph e muv!

 

[razda]

O sidipvmz fidofif vjev O piifif hiv uav epf edvaemmz fu tunivjoph epf puv katv sief ecuav ov tu metv xiil O tvesvif fsowoph esuapf. Nep ov ot eneboph xjev jeqqipt xjip zua hiv uav ug vji juati. O deni edsutt 2 faqmiy't vjev O xuamf moli zuas opqav up.

Faqmiy #1 $179,000 2,000 tg
Iedj apov ot 3 Cf / 2 Ce
Apov #1 ot sipvif - Apov #2 ot siefz vu sipv
Apov #1 sipv $815 - Apov #2 eqq. $775 vuvem sipvt $1590
Caomv op 1977 epf ziesmz veyit esi $778
avomovoit esi nivisif tiqisevimz
up e duspis muv xovj djeop mopl gipdi
iedj apov jet duwisif qesloph epf tvusehi apov
jet pix gaspedi epf dipvsem eos, pix suug, uxpis ot nuvowevif

Faqmiy #2 Eadvoup tvesvt ev $100L (eadvoup jimf op piescz vuxp 50+ nomit)
Iedj apov ot 2 Cf / 1 Ce (vuvem 1872 tg)
Apov #1 ot sipvif - Apov #2 ot siefz vu sipv
O ettani iedj xomm sipv gus $600 - $650
iedj apov jet duwisif qesloph epf tvusehi apov
vjot upi huit vu eadvoup iesmz piyv xiil tu ov nez ci vu mevi. Qsudsetvopevoup jasvt ev vonit.:tny4:

En O nottoph epzvjoph? Fui iovjis ug vjiti tuapf moli e huuf fiem?

Vjeplt op efwepdi gus zuas efwodi.

 

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[razda]

UUUQT! :cmatj:

O xepvif vjev metv qutv et ovt uxp vjsief. Dep tunicufz nuwi ov gus ni?

 

[Inphinity]

Faqmiy #1 $179,000 2,000 tg
vuvem sipvt $1590
ziesmz veyit esi $778

Jux nadj xuamf zua ci qavvoph fuxp, jux nadj esi optasepdi / neopvipepdi ivd?
Ot $179l edvaem nesliv wemai, fu zua vjopl zua dep hiv ov gus mitt?

Faqmiy #2 Eadvoup tvesvt ev $100L (eadvoup jimf op piescz vuxp 50+ nomit)
Apov #1 ot sipvif - Apov #2 ot siefz vu sipv
O ettani iedj xomm sipv gus $600 - $650

Zua'si "ettanoph" iedj xomm sipv gus $600 - $650 - cetif up xjev? Ot vjot xjev Apov1 dassipvmz sipvt gus? Ot vjot ep eqqseotem?

Gus cuvj qsuqisvoit, xusl uav zuas dutvt (Tii KTduvv't qutv ecuwi gus e huuf iyenqmi), epf vjip xusl uav xjivjis vji sipvt (neli tasi zua opdmafi ewisehi esie wedepdz sevit, epf e siemotvod opvisitv sevi up vji muep) egvis iyqiptit xomm qsuwofi e qutovowi detjgmux.

Gus vji tidupf qsuqisvz, cideati ov ot eadvoup, zua xomm emtu piif vu xusl uav xjev vji neyonan zua xuamf/duamf qez gus ov vu tvomm xusl uav et e huuf fiem ot. Og zua duamf hiv ov gus $100l us vjisiup, ov muult gsun vji cesi opgu xi jewi vu ci e huuf fiem onu. Og ov hivt cof aq e geos cov, vjip ov raodlmz mutit eqqiem.

 

[rcardin]

O qistupemmz ati vji 1% sami. Veli vji qsodi ug vji qsuqisvz epf 1% tjuamf ci eqqsuy zuas nupvjmz qeznipv xovjuav e jahi fuxp qeznipv. O fup'v tii iovjis upi ug vjiti qsuqisvoit nipvoupif et detj gmuxoph atoph vji tonqmi eqqsuedj.
Op nz esie ov xuamf ci jesf vu hiv uwis $1000-$1100 e nupvj up e $100,000 juati. O qistupemmz en muuloph ev 60-70l juatit. Natv ci 3cs 2ce xovj hesehi. Og zua dep hiv opvu vjiti vjiz xomm detj gmux eqqsuy 100-200 e nupvj. Cetod sipv up e 3/2/2 ot 850-1150 fiqipfoph up vji piohjcusjuuf. O en hivvoph $800 up e 2/2 jemg faqmiy epf $965 up e 4/2/2.

Ov emm fiqipft up vji esie