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Updated about 9 years ago on . Most recent reply

Thorney Gibson's profile image
Thorney Gibson's profile image
Thorney Gibson
  • Engineer
  • from Bel Air, Maryland
  • Member since Feb 10, 2009
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136
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24
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Thorney Gibson's profile image
Thorney Gibson's profile image
Thorney Gibson
  • Engineer
  • from Bel Air, Maryland
  • Member since Feb 10, 2009
Connect
Thorney Gibson
  • Engineer
  • Bel Air, MD
24
Votes |
136
Posts
Starting Out

First property

Thorney Gibson
  • Engineer
  • Bel Air, MD
Posted

hello all,

I'm finally looking at buying my first property. I've ran the numbers using the BP calculator and they are solid. 15% cap rate and a 15% cash on cash return. My question is and I believe there is some debate about this, how do you feel about 30,000.00 houses? This house is fully rehabbed already also. It's in a good area and rents well imo.

Thoughts?

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