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Updated over 5 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Roger Brogan
  • Investor
  • Detroit MI
1
Votes |
9
Posts

First rental investment

Roger Brogan
  • Investor
  • Detroit MI
Posted

Going to submit an offer on my first rental tomorrow with a friend of mine. Ask is 95k but we are offering 85k due to the sloping floors and the bad Reno job the previous owner made. I know I should stay away from foundation issues, especially being my first one but it’s on a crawl space and thought it could be jacked up and leveled pretty easily. It’s a 1.5 story and comparative rents in the area for a house this size is around 1500. Let me know your thoughts.

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