Analyzing first buy and hold

[Steven Cowles]

Hey guys. I’m nervous. I have bought 12 deals in the last two years but all 12 have been flips. I’m looking at my first buy and hold. I have run the numbers a hundred times but want some reassurance.

I think I could buy it for $325,000. Needs $10,000 in upgrades. 10 units renting for $650 a unit. Taxes are $5,000. Insurance would be around $2400 a year. Can you guys help me decide whether or not it’s a good deal? 😬😬😬😬