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Updated about 9 years ago,
First time starting out. How did I do?
I recently purchased a house in Charlotte, NC. Total investment is roughly $41000 on a $170k house 3BA, 2.5BA. My mortgage which includes tax, principles, interest will be $916. Insurance is $715 a year. I am renting it out for $1300 on a 2 year lease. I am including w/d and low grade security system ($30 per month) for a traditional house. I wish I didn't offer w/d and security but it was built in with the rental price. I also wish I did not invest that much money initially. I hope to obtain more rental properties. At the rate of initial investment, I would have to put in a lot of money to start out. Any advice on how I could do better? I am hoping to obtain my second property next year.