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Updated over 3 years ago on . Most recent reply

Logan Wright's profile image
Logan Wright's profile image
Logan Wright
  • Member since May 31, 2021
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Logan Wright's profile image
Logan Wright's profile image
Logan Wright
  • Member since May 31, 2021
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Logan Wright
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13
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General Landlording & Rental Properties

Is this a decent starting position for real estate investing?

Logan Wright
Posted

Would this be a good first deal for a rental? We live in a rural area with currently no homes on the market and very few rentals available.


Purchase price- $167,000

20% down - $34,000

Rent charged - $1,300 

Mortgage, insurance, taxes = $700/month 

Going to need to put about $5,000 into it before renting out.

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