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 about 9 years ago,

User Stats

101
Posts
18
Votes
Bil Casimir
  • Investor
  • Houston, TX
18
Votes |
101
Posts

Possible Rental?

Bil Casimir
  • Investor
  • Houston, TX
Posted

I am trying to help my mom purchase some rental properties. We have wholesaled and flipped houses but never purchased homes for rentals. Trying to figure out if this is a good opportunity, looking for some input.

The Number:

ARV 135,000
$13,500 Price to take over
Rents $1350
3.5% Interested Wells Fargo
22 years left on the loan
Loan balance $152,000
Yearly Taxes $4057.00 or $338.00 per month

Built in 2008 House is in excellent condition

Thanks,

Loading replies...