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Updated about 7 years ago, 10/12/2017

User Stats

30
Posts
8
Votes
Rashad Colton
  • Atlanta, GA
8
Votes |
30
Posts

found a potential property- need help

Rashad Colton
  • Atlanta, GA
Posted

so i've found a potential first rental property price is 59k in ga. 

  • Price: $59000
  • Estimated Fair Market Rent: $900
  • Estimated Annual Property Taxes/Fees: $1250
  • Estimated Annual Property Insurance: $980

arvs in the area is 85k-95k. Also the property needs Needs: Siding repair, gutter repair, exterior and interior paint, garage door repair,  flooring, kitchen appliances, other minor repairs.

I have about 6500 cash right now, should i look for HML that may work with me? should i save more before investing?

looking for rental 

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