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Updated about 3 years ago on . Most recent reply

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Zechariah Moore
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Evaluating this rental

Zechariah Moore
Posted

Hi all - looking at my first couple multiunits this year. Have good working capital and would be starting off with this (a larger one will be my primary residence ideally).

https://www.zillow.com/homedet...

A few things concern me -

1) The area - I live north central (stone oak) area and have no concept of that state of town. I'm a transplant of 2 years. 

2) I have the average breakdown of water/electric which is around 330 for the last 9 months. I'm just curious how to factor raises in that/potential missing winter seasonal stuff in. 

Past that what do ya'll think? It's nothing fancy but it should cash flow positive

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