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Updated almost 5 years ago,

Derek Hedgespeth's profile image
Derek Hedgespeth's profile image
Derek Hedgespeth
  • Member since Mar 14, 2020
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12
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2
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Derek Hedgespeth's profile image
Derek Hedgespeth's profile image
Derek Hedgespeth
  • Member since Mar 14, 2020
Connect
Derek Hedgespeth
2
Votes |
12
Posts
General Landlording & Rental Properties

First Investment Property

Derek Hedgespeth
Posted

Hey guys,

This is my first forum post so bare with me...

I am looking at a duplex in north Florida. I believe I can get it for 150k. I currently have 2 houses financed but no other debt. My current mortgage company says that I could finance with about 40k down. That much down scares me. Is that normal on an investment property? I calculate about an 800 dollar mortgage while collecting 1400 rent. With that much down is it a good ROI? Any advice is much appreciated.

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