Thoughts welcome

4 Replies

Not so appealing a property from the looks, and the 5+ year tenants keep it messy..built in the 1930's a small investment for rental props...with a ROI of over 30% is up as a possibility. A BP colleague was the avenue for it to come to me...As much as I think it will work, just want to hear any thoughts from the larger bp community of any unforeseeable risks. Seller trying to reduce the number of properties to look investing elsewhere...Comments are sought as I am leaning on putting an offer on it...

Again, cannot reiterate the appreciation I have for BP forums and the people who share their time and advice..

@Abhilash Joseph A little more information would probably help. What is the asking price? Rents? What is the area like? Demand? What condition is the house in?  What is the local economy? Any pics? 

Originally posted by @Abhilash Joseph :

Not so appealing a property from the looks, and the 5+ year tenants keep it messy..built in the 1930's a small investment for rental props...with a ROI of over 30% is up as a possibility. A BP colleague was the avenue for it to come to me...As much as I think it will work, just want to hear any thoughts from the larger bp community of any unforeseeable risks. Seller trying to reduce the number of properties to look investing elsewhere...Comments are sought as I am leaning on putting an offer on it...

Again, cannot reiterate the appreciation I have for BP forums and the people who share their time and advice..

 Hey there!  I don't know much about analyzing rental properties. but give this a try! Cheers!

http://www.biggerpockets.com/buy-and-hold-calculator

@Karen Margrave - thanks for the time..

What is the asking price? 59K; 

Rents? 850/ month; 

What is the area like? Demand? - Not bad, and neither too great..close to the fwys for access.

What condition is the house in? 1930s with no much repairs that are known, I am planning to visit it soon; What is the local economy? suburb to Sugarland, in wharton city ....

Any pics? none

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.