Property Opportunity for my Parents
Hello my fellow Investors,
I had a question about an opportunity that may have just presented itself.
I am new to investing o I am not quite sure if this will work or not.
My parents have been renting their home for over 10 years at 800/month. The landlord has now told them that he is looking to sell the house and offered my dad the house for $110,000 if he wanted to stay in it.
The house needs a lot of work done to it. The house right across the street was just purchsed for $75,000.00.
Is this an opportunity for an investment property that can save my parents from having to move?
Thanks!