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Updated over 7 years ago on . Most recent reply

Byron Bailey's profile image
Byron Bailey's profile image
Byron Bailey
  • Rental Property Investor
  • from Wilmington, NC
  • Member since Mar 12, 2017
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27
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13
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Byron Bailey's profile image
Byron Bailey's profile image
Byron Bailey
  • Rental Property Investor
  • from Wilmington, NC
  • Member since Mar 12, 2017
Connect
Byron Bailey
  • Rental Property Investor
  • Wilmington, NC
13
Votes |
27
Posts
Buying & Selling Real Estate

Rental priced well below market value... but plumbing problems

Byron Bailey
  • Rental Property Investor
  • Wilmington, NC
Posted

A 1,432 sqft, 3 bed / 2 bath single family home was just listed today in an area that rents for around $1,200 a month.  It has a market value of $120k-$150k but was listed for $50k because it "will need plumbing repairs".  Is this something you would still consider getting under contract, and getting inspected?  Or would you steer clear entirely?  

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