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Updated over 16 years ago on . Most recent reply

Tre Mcfadden's profile image
Tre Mcfadden's profile image
Tre Mcfadden
  • Accountant
  • from houston, TX
  • Member since Jun 9, 2008
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Tre Mcfadden's profile image
Tre Mcfadden's profile image
Tre Mcfadden
  • Accountant
  • from houston, TX
  • Member since Jun 9, 2008
Connect
Tre Mcfadden
  • Accountant
  • houston, TX
0
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11
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Starting Out

Condominium Advice

Tre Mcfadden
  • Accountant
  • houston, TX
Posted

Condo in terrible area are selling cheap 4 units 40k some unit are more expensive, all are 4plexes the most expensive is 75k. This area will eventually turn around but they are currently in foreclosure.

(per building 4units)
HOA Fees: 6000-7200 yrly
est. taxes: 4500 yrly
Monthly rent: 550-600 (2250)
Insurance: ????

does this deal seem good or bad

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