Rental Purchase Opportunity

[Abe Macias]

Hello friends! In need of some of your good advice!

I was offered a rental property directly by owner who doesn’t want to deal with this out of state property. At first, I offered $85K for it over the phone and owner accepted. I then sent her sale contract, and owner went on to thinking about the deal. Now owner is leaning to $98K to do the deal.

House is currently being under rented at $800 a month. The single family home needs about $20K in upgrades, and should have an ARV of $130K. This single family home should rent out for $1250 per month after rehabbing.

What advice do you all have for me in this situation? I appreciate all the professional advice!

Thanks,

Abraham M.