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Updated about 10 years ago,

Ronnie Gilmer's profile image
Ronnie Gilmer's profile image
Ronnie Gilmer
  • Investor
  • from Fort Washington, Maryland
  • Member since Oct 27, 2014
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User Stats

20
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5
Votes
Ronnie Gilmer's profile image
Ronnie Gilmer's profile image
Ronnie Gilmer
  • Investor
  • from Fort Washington, Maryland
  • Member since Oct 27, 2014
Connect
Ronnie Gilmer
  • Investor
  • Fort Washington, MD
5
Votes |
20
Posts
General Landlording & Rental Properties

First future rental property question/help

Ronnie Gilmer
  • Investor
  • Fort Washington, MD
Posted

There is a foreclosure on a condo in my area that is in pretty good shape for ($60k). The condo fee is $230 and the taxes are $1300/yr. The comps are renting for $1325 to $1500. I'm new to this and I am SUPER nervous. Would this be a good investment/second income? 

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