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Message
re: Information for my fellow Real Estate Investors
Posted on 1/31/17 at 12:34 pm to stevengtiger
Posted on 1/31/17 at 12:34 pm to stevengtiger
quote:
3 bedroom/1 1/2bath right at 1,000 sqft Needs some light repairs, approx. $2,500 but nothing urgent. Offer price $65K and got it with no counter Rent is currently $1,000 per month.
Wow, those are some good numbers. Was this a trailer or a house? What kind of area was it in? I would kill to find a deal like that in my area.
Also, why did the owner want to sell if he had a tenant in place paying that much rent?
1
Posted on 1/31/17 at 12:49 pm to RabidTiger
quote:
Was this a trailer or a house? What kind of area was it in?
House in a decent area. Ends up needing closer to $7-8,000 worth of work after inspection but numbers still work really well.
quote:
Also, why did the owner want to sell if he had a tenant in place paying that much rent?
Older guy that was living out of state. Just looking to cash out.
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