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Updated about 7 years ago,
Looking for advices on my first buy and hold deal.
Hey guys,
New investor here from Vermont, I am interested in buy and hold. I am looking at a multifamily to hold and rent out. The place I'm looking at $166,000 and recently completely rehabbed. All three of the units are rented out for a total of $2700 a month coming in. There is two 1bed/1baths and a two bedroom one bath. All the units are under lease until atleast June next year. I have about 20,000 to put down as a down payment so the monthly mortgage included taxes, pmi, and principal will be right around 1000. Should I work on pulling the trigger on this place?
Thank!