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Updated about 7 years ago on . Most recent reply

Mayer M.'s profile image
Mayer M.'s profile image
Mayer M.
  • Investor
  • from Cherry Hill, New Jersey
  • Member since Aug 29, 2016
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Mayer M.'s profile image
Mayer M.'s profile image
Mayer M.
  • Investor
  • from Cherry Hill, New Jersey
  • Member since Aug 29, 2016
Connect
Mayer M.
  • Investor
  • Cherry Hill, NJ
323
Votes |
860
Posts
Buying & Selling Real Estate

Would you buy and keep buying these?

Mayer M.
  • Investor
  • Cherry Hill, NJ
Posted
He guys! Hey, Is this a good investment? Buying a 25 year old condo in a B neighborhood and including rehab costs $60k (arv is $75k+). Landlord Expenses: Condo Fees = $190 per month Property Taxes = $2200 annually Water/sewer = $1200 annually Insurance = $500 annually Income: Gross rent = $15600 annually Property is professionally and well managed. What are your thoughts on the overall investment as well as with cash vs. mortgage? Thanks
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Mayer M.'s profile image
Mayer M.'s profile image
Mayer M.
  • Investor
  • from Cherry Hill, New Jersey
  • Member since Aug 29, 2016
Connect

User Stats

860
Posts
323
Votes
Mayer M.'s profile image
Mayer M.'s profile image
Mayer M.
  • Investor
  • from Cherry Hill, New Jersey
  • Member since Aug 29, 2016
Connect
Mayer M.
  • Investor
  • Cherry Hill, NJ
323
Votes |
860
Posts
Mayer M.
  • Investor
  • Cherry Hill, NJ
Replied

I hear you, but my partner and I have board seats and it’s a very well managed HOA

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