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I was out walking the other day and came across a properry for sale. It looks decent to me, and is in a good neighborhood.
It is listed at 89.9K - down from 94.9.
I have never purchased any property - except for my current home that I purchased new; would an offer of 80K be too high? Too low? An insult?
It's listing history is:
12/16 99.9K
01/17 94.9K
04/17 89.9K
It's Comparibles are $110 - $128
It's "Zestimate" is $121K
1991 Build, 1600 SF, 3 BR, 2.5 BA
I guess something is wrong with the house to be this low, but I have not yet looked into that. At this time I an just musing...
The mortgage would be about $480 with $17K down. (I can afford to but it outright and may do that.)
I used to be a traveling IT contractor, I would go to a town and work at a company for a year, and then move on to the next location (or go home to wait for the next contract.) I am thinking this is the kind of person/family I would want to rent to for about $900-$1200 a month.
Anyone have experience with something like this who would like to comment?
Last edited by blktoptrvl; 04-09-2017 at 01:24 PM..
I own rental properties and its been a good investment for me. But really, your first step is to look at the place with a real estate agent. Get a referral from someone who has had a good experience with an agent and then go see the house.
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