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Updated almost 7 years ago on . Most recent reply

User Stats

19
Posts
4
Votes
Henry T.
  • Chicago, IL
4
Votes |
19
Posts

Worth the Investment?

Henry T.
  • Chicago, IL
Posted
Long story short I’m a young millennial, at the age of 22, getting into real estate investing. I found a property that apparently that I shouldn’t let the opportunity pass me. I’m nervous and excited at the same because I don’t know if it’s worth the investment. It’s an okay property, it may sell in the future if the time is right. It’s costing me 140k on an FHA loan. It would make about $2800 a month but taking home about $1500 after all dues. Over time, I would save that money I would save for another property in the next year to invest into. Any advice or pointers?

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