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Updated about 8 years ago, 10/11/2016

User Stats

17
Posts
7
Votes
Jesse Mistretta
  • Holly Springs, NC
7
Votes |
17
Posts

About to buy my first property!!

Jesse Mistretta
  • Holly Springs, NC
Posted

so I spent a lot of time searching for an investment property and I finally found one that I liked it's in Cary North Carolina, I put the offer in for 153,000 and can rent it out for 1200 a month based on comps in same development. Any tips for the next steps to come or land lord tips? I'm at the point where I need a mortgage I'm probably gonna use Bank of America the interest rate they gave me was 3.3% for 30 year, I have  excellent credit and just paid my agent the due diligence and escro fees for inspectors and such. Basically the closing is in November. 

Other info:

HOA is 165 a month

Covers all exterior jobs except windows 

New roof was put in 2014 

I think it might a replacement HVAC because it's from 1991 when the house was built 

2 bedroom 2 1/2 bath 

Natural gas heat

Has new pair and new carpets in now 

I negotiated to get all appliances to be included 

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