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Updated almost 6 years ago,

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4
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Joe Francis
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4
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I'm new and dumb...would you do this deal?

Joe Francis
Posted

I have found a sfh for $30k that I could maybe get a little cheaper.

It's currently rented for $900 per month and the tenant wants to stay according to the current owner.

I have not looked at the property yet, I'm very early, I'm super brand new.

What questions need to be asked?  On it's face, it SEEMS like if everything is "okay" this makes sense.  If I could scratch together the total amount in cash, then bought the thing outright...does that make sense?  Or would it make sense to put down as little as possible and go that route?

Again - new and dumb.  Any and all criticism/comments/suggestions absolutely welcome.

Thanks

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