Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

40
Posts
19
Votes
Max McNally
  • Investor
  • San Jose, CA
19
Votes |
40
Posts

Made my first deal! Looking for feedback

Max McNally
  • Investor
  • San Jose, CA
Posted

So I recently signed a contract for my first property, which I am pretty excited about. It's a multifamily in Trotwood, Ohio. The numbers look really good. I have it under contract for $92k, the combined rent is $1980, so all told, I'm predicting at least $500 a month in cash flow. Since I live in California, I will be hiring a managment company to take care of it for me, while I lay back and collect those sweet, sweet rent checks ;) Any thoughts on the property or the area? I don't know much about Ohio, but it seems to be a solid working class neighborhood. Here's a link to google street view. I know it doesn't look like much, but it feels awesome to finally be a real estate investor!

Loading replies...