Buying a house off-market

I have a unique opportunity that I am exploring. My neighbor is moving so their house is coming on the market in July. I was talking to her about it and threw out the idea of me buying it as an investment to renting it out to college students. I live in a college town next to a few major hospitals so renting this out would be pretty easy. She has been renting rooms in her home already.

We want to avoid realtors, if possible, to save money. I’m not sure how to go about understanding the market and the cost the home should be listed at. I was thinking we could get an appraisal and that would help us know the costs in the area and what the house’s value is.

I feel like I must be missing something though? Can someone please direct me with the best way to go about this?

Thanks.

submitted by /u/hippotenuse
[link] [comments]

I have a unique opportunity that I am exploring. My neighbor is moving so their house is coming on the market in July. I was talking to her about it and threw out the idea of me buying it as an investment to renting it out to college students. I live in a college town next to a few major hospitals so renting this out would be pretty easy. She has been renting rooms in her home already. We want to avoid realtors, if possible, to save money. I’m not sure how to go about understanding the market and the cost the home should be listed at. I was thinking we could get an appraisal and that would help us know the costs in the area and what the house’s value is. I feel like I must be missing something though? Can someone please direct me with the best way to go about this? Thanks. submitted by /u/hippotenuse [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!