Property Opportunity for my Parents

[Cameron Harris]

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!