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General Real Estate Investing
HomeForumsGeneral Real Estate InvestingShould I purchase this property?
Cory Peters's profile image
Cory Peters's profile image
Cory Peters
  • Rental Property Investor
  • from Charlotte, NC
  • Member since Feb 26, 2018
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Cory Peters's profile image
Cory Peters's profile image
Cory Peters
  • Rental Property Investor
  • from Charlotte, NC
  • Member since Feb 26, 2018
Connect
Cory Peters
  • Rental Property Investor
  • Charlotte, NC
3
Votes |
16
Posts
General Real Estate Investing

Should I purchase this property?

Cory Peters
  • Rental Property Investor
  • Charlotte, NC
Posted Sep 9 2019, 13:51

I have a house under contract for $165,000 with an appraised value of $169,000. Its tenant occupied collecting $1300/month. My mortgage would be $950/month and my cash invested would be $37,000. Is this something I should invest in or should I cut my loses and look for a more ideal property? Thoughts?

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