What Do You Guys Think About This Deal

I have come across a deal that seems interesting.

it is owned by a mother and daughter family- not the greatest neighborhood but not bad. these are the numbers.

asking price- 399,000

2bdr rents- comp rents are 1100
3 br rents- comp rents 1200
basement- I plan to stay there for a little bit.
Financing - 720 credit score, hoping to get owner occupied- at a decent rate and put as little down as possible.

I look forward to your opinions and assistance.

Comments(1)

  • JeffAdams21st February, 2004

    Kfuro:
    We would all be interested in helping you
    however we need more info. What are the comps in the area going for? Is the
    basement legally rentable and what will it rent for per mos.


    Jeff Adam
    [addsig]

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