Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
First time buying an investment property
I am buying a one bedroom condo in Atlantic city NJ . I am buying the space for 55k plus $2500 in closing costs .Taxes are $2300 per year and maintenance is $3500 per year . It is currently being rented for $900 a month , with ten months remaining on lease . I am trying to build cash flow . Is this a good investment for me ? Can anyone give me some advice . I close in two days!!!