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Updated over 5 years ago on . Most recent reply

User Stats

70
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13
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Albert Gutierrez
  • downey, ca
13
Votes |
70
Posts

Rental Property too good to be true?

Albert Gutierrez
  • downey, ca
Posted

I found a property in Texas (Duplex with an extra unit so a Triplex) that has rental incomes of $2375/month, recently renovated (like 2 years ago) and it costs around $150k, am I missing something? putting 20% which is 30k it would net around $1525 after the mortgage payment and taxes. Even if I pay some management it would generate around $1000/month of cash flow, which is why I'm intrigued since this seems like a no brainier but I'm new to real estate investing and I want to ask for all your experts advice 

Most Popular Reply

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1,135
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1,194
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CJ M.
  • Rental Property Investor
  • Canton, OH
1,194
Votes |
1,135
Posts
CJ M.
  • Rental Property Investor
  • Canton, OH
Replied

@Sid Jones

Lol, I already did double my taxes and insurance on those numbers lol ... actually I tripled them

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