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Updated over 10 years ago, 04/25/2014

User Stats

222
Posts
35
Votes
Tereal Wilsonn
  • Rental Property Investor
  • Oak Park, MI
35
Votes |
222
Posts

I would like to buy the house im renting, Help please

Tereal Wilsonn
  • Rental Property Investor
  • Oak Park, MI
Posted

Greetings BP

I hope everyone is in good spirits, Im really not sure where to put this post but here goes.

My mother has been renting a house for 14years @ 775 a month, this home is in detroit area code 48221. I would like to propose a deal to the landlord, AVR for this home would be 30,000 but the home may need 15,000-20,000 in repairs for it to be appraise for that,i would like to offer the landlord 9000 for the home , please keep in mind my mother doesn't have a lease she is on a month to month ,these are all guesstimates numbers, but im sure im not that far off, how do i offer put this deal together.

Please keep in mind im a newbie

tereal

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