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Updated over 6 years ago on . Most recent reply

User Stats

57
Posts
19
Votes
Jesse Harris
  • Flipper/Rehabber
  • Richmond, VA
19
Votes |
57
Posts

65k investment to earn 6.6 k a year

Jesse Harris
  • Flipper/Rehabber
  • Richmond, VA
Posted
I am looking to take some cash out of a property. I have one property that is valued at 130k. It has a two year lease on it at $1,050 a month. Taxes and insurance at $1,800 a yr. Should I ask for 65k and become a 50/50 partner with someone or would you take out a mortgage?

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