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Possible Rental?
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,