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Updated over 2 years ago,
Woodlands TX - Good opportunity?
I'm a first time investor looking at the Houston area.
Does anyone have thoughts on Woodlands? See 3 bedroom SFR near the schools for about 300K that rent 2500-2900 on craigslist.
Mortgage $1000
Taxes $500
Insurance $105
HOA $275
About 1900
Which means at 2500 I could still return $600/month?
Please rip this idea apart as much as you can. Sounds too good to be true?