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Updated over 9 years ago on . Most recent reply

Jesse Imes's profile image
Jesse Imes's profile image
Jesse Imes
  • Investor
  • from North Tonawanda, NY
  • Member since Jul 24, 2015
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18
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3
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Jesse Imes's profile image
Jesse Imes's profile image
Jesse Imes
  • Investor
  • from North Tonawanda, NY
  • Member since Jul 24, 2015
Connect
Jesse Imes
  • Investor
  • North Tonawanda, NY
3
Votes |
18
Posts
Starting Out

Investment Property

Jesse Imes
  • Investor
  • North Tonawanda, NY
Posted

I am fairly new to real estate and I'm looking to purchase my first rental property using a home equity line or down payment of my own money. Below are the details of the potential of this property.

3 Bedroom with 1 bath 1,160 square feet

Located right next to a University with 20,000+ students

Cost 99,900. I could probably offer 90,000.

Mortgage with 5% down with taxes, insurance: ~650

Rental potential 1,250-1,500

Any thoughts? I know this is very vague, but I think I could potentially get 10K per year from this rental.

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