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 over 10 years ago,

User Stats

833
Posts
197
Votes
Carolina E.
  • Investor
  • NW Indiana
197
Votes |
833
Posts

Would this be a good Subject to and then rent to own?

Carolina E.
  • Investor
  • NW Indiana
Posted

Hello BP!
I had a seller contact me about their property and not wanting it to go to foreclosure. They owe about 183K plus a few months of back payments, which is about 10K. Taxes are up to date, but we will see with the next installment.

It is a 4/2/1

ARV is about 230K (I need to get better comps, this is just a quick overview)

Property doesn't seem to need much work. (Have only seen pictures)

Mortgage payments are about 1600/month.

I found average rents from rentometer $2200. I think this is a bit high, found a similar house close by asking 1750/mo.

I am not sure what information I need to get or what the next steps should be, if this is even something I should look more into? Any advice is appreciated.

Loading replies...