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Updated over 7 years ago, 07/03/2017

User Stats

95
Posts
12
Votes
Rob Smith
  • Investor
  • Chino Hills, CA
12
Votes |
95
Posts

Should I buy this Rental

Rob Smith
  • Investor
  • Chino Hills, CA
Posted

My Brother is offering me a house to buy on this street a am try to find out if this is a good area and if the numbers sound good and ways to structure the deal Help if you can  

-Sale price $84,700

-Wants me to pay him 20% down and he will keep it all in his name and i just make his payments for 2 years then i get a loan for my self and buy him out ( I had a short sale 2 years ago i can not get a loan wright know) 

-so basicly i am giving him 20% and he is going to run it like he still owns it i will be responsible for keeping it rented and paying for every thing  

i am wanting help finding out if this is a good area and is it a good home to buy it should rent for about $975 to $1000  a month 

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