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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!

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