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Updated over 4 years ago, 07/16/2020

Alan Hicks's profile image
Alan Hicks's profile image
Alan Hicks
  • Investor
  • from Lawrenceville, Georgia
  • Member since Sep 29, 2017
Connect

User Stats

59
Posts
5
Votes
Alan Hicks's profile image
Alan Hicks's profile image
Alan Hicks
  • Investor
  • from Lawrenceville, Georgia
  • Member since Sep 29, 2017
Connect
Alan Hicks
  • Investor
  • Lawrenceville, GA
5
Votes |
59
Posts
General Landlording & Rental Properties

When to buy next rental property ?

Alan Hicks
  • Investor
  • Lawrenceville, GA
Posted

What point do you start looking for the 'next rental property'?

I have 1 rental now:

Value = $135k

Balance = $100k

Equity = $35k

I put down $25k down, so really only $10k equity.

Mortgage, Insurance, Taxes = $900.. rented at $1150.

So that's around 12% coc. 

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