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Updated almost 2 years ago on . Most recent reply
1st Investment Property - Buy and Hold
Hello,
I'm looking for people to analyze and comment on this deal. To provide context, this will be my first investment property in general and I'll be managing it. I happen to know the owner (family friend) and is motivated to sell. With that being said, the overall condition is turn key ready to rent. Also, the numbers should be relatively accurate (insurance, property taxes, rent, etc).
Although the cash flow isn't there entirely (been looking at 150-200/month for SFH but tough in this market), I'm thinking between a great renter and over time, this can improve historically speaking.
How does this deal look for a buy and hold strategy?
Thank you!
Mike
I'm looking for people to analyze and comment on this deal. To provide context, this will be my first investment property in general and I'll be managing it. I happen to know the owner (family friend) and is motivated to sell. With that being said, the overall condition is turn key ready to rent. Also, the numbers should be relatively accurate (insurance, property taxes, rent, etc).
Although the cash flow isn't there entirely (been looking at 150-200/month for SFH but tough in this market), I'm thinking between a great renter and over time, this can improve historically speaking.
How does this deal look for a buy and hold strategy?
https://www.biggerpockets.com/...
Thank you!
Mike