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Updated over 7 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Vikram Deol
  • Rental Property Investor
  • Bakersfield CA/ La, Ca
3
Votes |
8
Posts

New Property Advise

Vikram Deol
  • Rental Property Investor
  • Bakersfield CA/ La, Ca
Posted

Hey everyone I am a new buy and hold investor and have a property in the Tacoma, WA area under contract. Home is 1826 s ft 

Current Rent is 2,600

Price is $260K

Expenses Jan- May 10 = 232

Sewer Fee- 284

Management -1062 ( 211/month)

6 bed

2 bath

Near a college and has been rented to college students in the past. Current tenant are young professionals. 

I am doing a home inspection on Monday and was curious to know thoughts on this one. I will be putting down 25% and renting it out. 

Appreciate any feedback as this is my 1st buy and hold.

Thanks

Vikram 

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