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Updated almost 3 years ago,
Is this a good deal?
I have an option to buy a home that is 205k and can rent for $1,600, but could possibly sell for 235k-245k. I want to make this a rental property. However, it does not meet the 1% rule, and the only way to make the numbers work is with a 20-30% down with a 30 year conventional loan. Is this a deal worth it?
Chris