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Updated about 11 years ago,

User Stats

55
Posts
14
Votes
Brock Siebert
  • Tinton Falls, NJ
14
Votes |
55
Posts

To buy or not to buy?

Brock Siebert
  • Tinton Falls, NJ
Posted

Am looking at a 2 bed, 1 bath SFH that is currently owner occupied.

asking price is $189K

Taxes are $4000

Looking to put $75K down.

It is very close to where I work and from all appearances looks like it is in pretty good shape. My goal is to rent the property to build equity and rental income. There are very few SFH's for rent in this area. A realtor advised me that this house could rent btw 1800-2000, but I think a more realistic rent would be 1400-1600...

Any advice? I do not currently own any other real estate other than my home.

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