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Updated over 2 years ago, 05/26/2022

User Stats

3
Posts
1
Votes
Noni Trotter
1
Votes |
3
Posts

Is this a good deal?

Noni Trotter
Posted

Hi everyone, 

I need some help. I am in the process of purchasing my first real estate property which is a 2B2B2G condo about 12 minutes from the airport in Houston 77061. The purchase price is 202K (25%down), 150 HOA, monthly payments will be 1350, and hope to rent for 2K. Since this is a remote investment, I think hiring a property manager is a good idea. As the closing time for the loan approaches, I am getting anxious about the investment. I find myself asking if this really is a good deal? Will I get stuck?

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