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Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
Votes |
637
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Would you buy an overpriced house if they are willing to finance

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

Would you buy a 100k house for 130k with owner financing? If the rent will cashflow 200$ a month, would you pay more for the property to get that cashflow?

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
Replied
Originally posted by @Account Closed:

@Theresa Harris wouldnt the property go up in value?

I wouldn't count on it.  It may go up or it may go down.  My first place went down in price and remained there for about 10 years. 

  • Theresa Harris
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