Updated almost 9 years ago on . Most recent reply
Overpay for solid cash flow and current tenants?
House is currently assessed at $100k.
I think I could find other comparable property for $120k.
Owner will not take less than $140k.
Current lease to fraternity for $3300 - runs until 2019.
House is in decent shape after visual inspection, nothing broken, needs about $20k updating.
Have bank statements showing leases are current.
I guess it's kind of like buying the lease vs buying the house.
Is it worth it to overpay?