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Updated over 5 years ago on . Most recent reply
Should I purchase this property?
I have a house under contract for $165,000 with an appraised value of $169,000. Its tenant occupied collecting $1300/month. My mortgage would be $950/month and my cash invested would be $37,000. Is this something I should invest in or should I cut my loses and look for a more ideal property? Thoughts?
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
@Cory Peters I would definitely let it go if you are buying and holding; there is no money to be made.