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Updated over 11 years ago on . Most recent reply
Deal Or No Deal?
I have my first property under contract (1050 sq. ft SFR, slab foundation, currently 2 bedrooms but will be made a 3br) with the intent of buying and holding.
Purchase Price: $42,000
Repairs Needed: $1,000 (old lady tenant lives there now and it's basically move in ready)
Taxes: $1400
Insurance: $700
Projected Monthly Rent: $900
Thoughts?