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Updated almost 10 years ago on . Most recent reply
1st Property Maybe?
I'm new to this stuff but I have been searching for a nice rental property. Its a duplex in South Florida. 2 bed/2 bath on both sides. Month to month lease for both. One brings in 1100 and the other brings in 1050. The taxes are 3346 per year. The seller is asking for 247,000. Should I go for something cheaper my first go round, or get more info about this one? thanks
Most Popular Reply
I am not so sure that it would be negative. If that were where I am, the low taxes would make it cash flow nicely. Run it through one of the property calculators like the one I will link below, and get some real numbers. Do the tenants pay all utilities?