Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Home with renter already in place
There is a home listed for 79k and it has a renter already in place with a one year lease. The current lease is for 600 a month and the property owner pays all utilities. By my calculations you are in the hole before you even start the month at that list price. Current rent in the area is about 900 a month for comparable properties I feel like 79k for the house is a good price but not with the current lease that is in place. Any advice? Thinking of throwing out an offer that makes sense with a 600 a month lease of about 50k.