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Updated over 7 years ago on . Most recent reply

Todd Lightfoot's profile image
Todd Lightfoot's profile image
Todd Lightfoot
  • from Brunswick, Georgia
  • Member since Oct 26, 2017
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17
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2
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Todd Lightfoot's profile image
Todd Lightfoot's profile image
Todd Lightfoot
  • from Brunswick, Georgia
  • Member since Oct 26, 2017
Connect
Todd Lightfoot
  • Brunswick, GA
2
Votes |
17
Posts
General Landlording & Rental Properties

What do you think of this being a first deal?

Todd Lightfoot
  • Brunswick, GA
Posted

Here is the first deal I am thinking about doing. It is a condo and I could get for 75K and have seller pay closing. The HOA is 165 a mth with taxes of 575 a yr. Would rent for 950 to 1000 a mth. Problem is yes I have 15K in savings to cover down payment but would wipe me out with no reserves for my personal or business. Would there be any way around putting the full 20% down?

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