Hey guys just thought I would update you and let you know what I am working on right now!
4 4-unit apartment buildings. 2 are next door to each other and the other 2 are next door to each other on the next road over. They are 1 bed 1 bath pretty nice size. They are 50% rented out right now at 500/mon. The owner is a doctor going through a divorce and just wants to get rid of them now. They comp out at around $130,000- $150,000. He is asking $110,000 I offered $70,000. So we will see what happens. Going HML on these if I get the offered accepted.
The other deal is a 3/1 1750 sqft country house on 1.25 acres with a big detached garage/barn. The lady is 80 years old, no mortgage, and her kids want to get her out of the country and into assisted living condos. I am going to meet with her today to go over some ideas with her. The house comps at $145,000 to $160,000. I asked her what she wants out of the house and she said I really have no idea just come out and see what you think and you tell me how much. The kitchen has been completly updated already. Just needs a new bath carpet and paint. I am going to try and go owner financing on this one and will prob most likely be getting it for $80,000 or less!!
So thats where I'm at right now! Wish me luck and I'll keep you updated!!