Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Investor Special Bossier City ,Louisiana
Pls help. This is my first actual rental property. Let me know what you think.
Asking price $68
Closing around $5k
Rehab around $10k
Loan $68 convetional (20% down) @ 5.7%
Rents around. 800 - 850
Morgage. Ins & tax around. 450
Vacancy. 56
Management. 80
Maintenance. 56
Cap ex. 80
Should I factor in holding cost of 2 month rent till I finish Reno and put a tenant in?
Pls let me know what you think. Seller started at $72k but lowest is $68k