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Updated about 2 years ago on . Most recent reply

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Anderson Hargrove
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Should I take this offer

Anderson Hargrove
Posted

My aunt had purchased my grandmother house after she passed away fix it up and is ready to pass it along to me.The problem is, when she brought the house she paid $370,000 for the house, almost full price of arv. The piti is $2,400 a month and the average rent goes for $2,000 and through pha $2,200. What do you think I should do?

  • Anderson Hargrove
  • Most Popular Reply

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    Theresa Harris
    #3 Creative Real Estate Financing Contributor
    11,601
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    Theresa Harris
    #3 Creative Real Estate Financing Contributor
    Replied

    not all homes make a good rental.  If you want to buy it as a rental, then the numbers don't work.  If you want to buy it because it has sentimental value and you want to keep it in the family, then you will be paying a bit each month for someone to live in it.

  • Theresa Harris
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