90 Days Challenge. Day 9. Please help me to analyze this property
90 Days Challenge. Day 1. Please help me to analyze this property
Hello
I am new to REI and I am trying to learn how to find the best deal in the market. This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out. I appreciate any feedback.
Thank you
Most Popular Reply
@Artem Shum what type of property is it? Single family or multi family? Do yo plan to live in one unit and rent other? if that's the case looks like a good deal because you will be able to rent the second unit after 1 year once you move out and you will have a very good cash flow. If its SFH it has a negative cash flow which is not desirable