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Updated over 9 years ago, 06/06/2015

Chris Seveney's profile image
Chris Seveney's profile image
Chris Seveney
Lender
Pro Member
  • #3 All Forums Contributor
  • Investor
  • from Virginia
  • Member since May 23, 2015
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Chris Seveney's profile image
Chris Seveney's profile image
Chris Seveney
Lender
Pro Member
  • #3 All Forums Contributor
  • Investor
  • from Virginia
  • Member since May 23, 2015
Connect
Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
14,745
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17,207
Posts
General Landlording & Rental Properties

Is this a good deal

Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
ModeratorPosted
Looking to get first investment and wondering if this is a good deal for rental Purchase price $20,000 Down payment $5000 (or could pay cash) but figure minimize amount cash out of pocket Rental - $450/month This is a condo with fee of $125/month which covers exterior maintenance Taxes $375/yr Condo is 1 BR 1 bath about 600sf Needs 2500 in repairs to get ready. ARV is $30,000 Thoughts ?
  • Chris Seveney
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