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Updated about 9 years ago,

User Stats

18
Posts
3
Votes
Phung N.
  • Investor
  • Charlotte, NC
3
Votes |
18
Posts

First time starting out. How did I do?

Phung N.
  • Investor
  • Charlotte, NC
Posted

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.  

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