Thursday, March 19, 2015

Deal Analysis Update

That condo I posed about last month still hasn't sold. The auction has ended twice now and I was once the second highest bider, and the highest the second time around. It looks like the reserve price is $45k, which is still a good deal for that property.

The only real issue is if there's meth in the home. After I went through, it looked pretty good inside, and it wouldn't take much to get it up to retail quality.

The auction is active again this week, and I'm thinking about bidding up to the $45k mark this time around. Hopefully they haven't changed the reserve price, I'm surprised nobody has snatched it up yet!

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