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 about 6 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Joe Francis
0
Votes |
4
Posts

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

Loading replies...