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Updated almost 10 years ago on . Most recent reply

User Stats

36
Posts
2
Votes
Patricia Mclean
  • Investor
  • Jonesboro, GA
2
Votes |
36
Posts

Much needed advice on this

Patricia Mclean
  • Investor
  • Jonesboro, GA
Posted

Hello BP I have a property that is under contract for 64k. It is listed on the tax rolls as a 3/2 but, the owner added an extra bedroom and bathroom.  It is not reflected in the tax rolls or on any other site. The owner just wants what is owed on it (64). No profit. No major repairs needed just cleanup.  But to be on the safe side I would plug in 10k in repairs. The rents for 3/2 are going for 700-800. So it will go for more with another bed and bath. The neighborhood has a mixture of older homeowners and rental tennants.  What options do I have in terms of an offer on this property if owner does not want to do a sub 2? Any advice is welcome.

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