Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Real Estate Deal Analysis & Advice
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 almost 3 years ago,

User Stats

3
Posts
0
Votes
Chris Atteberry
0
Votes |
3
Posts

Home with renter already in place

Chris Atteberry
Posted

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. 

Loading replies...