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Updated over 9 years ago on . Most recent reply

User Stats

101
Posts
18
Votes
Bil Casimir
  • Investor
  • Houston, TX
18
Votes |
101
Posts

Possible Rental?

Bil Casimir
  • Investor
  • Houston, TX
Posted

I am trying to help my mom purchase some rental properties. We have wholesaled and flipped houses but never purchased homes for rentals. Trying to figure out if this is a good opportunity, looking for some input.

The Number:

ARV 135,000
$13,500 Price to take over
Rents $1350
3.5% Interested Wells Fargo
22 years left on the loan
Loan balance $152,000
Yearly Taxes $4057.00 or $338.00 per month

Built in 2008 House is in excellent condition

Thanks,

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