ilmscore | Can you make money buying really cheap rentals?

Can you make money buying really cheap rentals?

Published: 2018-11-13
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
The city may offer seized properties for a nominal fee ($1), but with restrictions on rental use.
"the city seized and they've they're either going to demolish it or try to sell it hi theoretically you can buy it for a dollar but they won't let you run it out"
Real Estate Investment
Pending
The speaker is evaluating whether a $32,000 property, rented for $700/month for 18 months, was a profitable investment after renovation costs.
"total acquisition price on this one was $32,000 they've lived in here for 18 months at seven hundred dollars a month rent so if you go into the comments section or will try and annotate on the video where our cost is on it but whether or not we look made or lost money on this thirty two thousand dollar house"
Real Estate Renovation Costs
Pending
The security deposit ($700) collected from tenants is insufficient to cover the estimated renovation costs for the property.
"I've kept the deposit on this which is seven six hundred dollars which definitely won't be enough to cover the cost of renovations"
Real Estate Renovation Costs
Pending
The neighborhood is considered excellent, with comparable brick houses valued between $300,000 and $500,000.
"this is a phenomenal neighborhood I just don't think that I can go overboard right over there that brick house that's a three four or five hundred thousand bar house"
Neighborhood Property Values
Pending