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Updated over 7 years ago,
Need guidance and feedback about my potential deal!
So, my dilemma is I am buying a quad for 200k after property tax, vacancies, cap ex, etc it will cash flow 700. thats with 5% down owner occupant. It seems to me 200k is a lot to tie up for $700 a month profit every month. What messes me up is I have a property that is 80k but cash flows 900 every month free in clear.
So I just need straightened up as to what is bad, normal ,good , and great. Im worried Im looking at normal and calling it bad.
Loan is a conventional 30 year fixed I believe... I know there are varying factors that are missing to give you a full picture ...and the question is truly subjective to the individual but I want to make a decent profit and retire 1 day with that in mind can't someone help.