Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
First rental investment
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.