Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

36
Posts
2
Votes
Frank Inman
  • Investor
  • Severn, MD
2
Votes |
36
Posts

Need some advice with purchasing this investment property

Frank Inman
  • Investor
  • Severn, MD
Posted

I found a SFH for $55,000 needs about $2000 in repairs and is currently occupied. The tenant is currently month to month at $1200. I offered $48k with $3k back. They countered with $52,500. The tenant has been in place for five years, but I expressed to the realtor who is also the PM, that once the inspection comes back it will need more than $2000 in repair and the tenant can just up and leave. She doesn't think he'll do this, but I did tell her that if she could lock him in for a two year lease I'd definitely purchase for $52,500, just so I can be sure to make my down payment back and then some. Is that reasonable to tell the realtor this? Especially if she's the PM? She said she'll ask if he'd be willing to stay once I buy the property, but can't get him to sign a lease.

Loading replies...