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Updated almost 5 years ago,

Account Closed
  • New to Real Estate
  • Southern Indiana/Louisville Metro
8
Votes |
11
Posts

Buying my first Rental

Account Closed
  • New to Real Estate
  • Southern Indiana/Louisville Metro
Posted

I am looking for lots of feed back here. I am new to investing looking to purchase my first property soon. I ultimately want to utilize BRRRR as my vehicle, but I have very little of my own money. Here is where I need some help.

I am thinking of buying a home that is move-in-ready (I have my eye on a couple that range from 90-95k).  I have a friend who is looking for a house to rent.  I used Four Square analysis and it looks like I could cash flow right around $200/month.  I feel like I am overlooking something.  Can someone help here?  Oh, and I am looking to put just 3% down.  

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