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Updated about 9 years ago on . Most recent reply

User Stats

59
Posts
23
Votes
Nate Wilson
  • Weare, NH
23
Votes |
59
Posts

Newbie looking to purchase first rental property in New Hampshire

Nate Wilson
  • Weare, NH
Posted

I have just started my search for looking at a duplex to rent out. I don't real know much about the industry, other than a couple of online articles. The unit I am looking at is asking 196k with $3900 taxes. According to some calculators online mortgage would be about $1000-$1200 a month. Right now it currently has two rrenters with a rental income of $2000, which doesnt meet the 2% rule is over 1%. Wasn't sure what you guys thought about the place and any knowledge would be helpful. Also the place has recently been completly renovated and wouldnt require much work. Built 1980

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