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Updated over 1 year ago on . Most recent reply

User Stats

12
Posts
6
Votes
Preeti Sharma
6
Votes |
12
Posts

First time buyer, paranoid

Preeti Sharma
Posted

In mid 40s, first time LTR buyer. $145k property, 20% down, $1900 rent, Monthly cost $1492

Doesn't meet 2% rule at 1.13%. With 1 month rent going to RE agent, and 1 month for vacancy and 1 month set aside for repairs. Cash flow will be ($804). Am i working the numbers right or being paranoid per my age. 

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