My first rental in Georgia

[Robert Ice]

Investment Info:

Single-family residence buy & hold investment in Warner Robins.

Purchase price: $118,000
Cash invested: $35,000

Single family home.

What made you interested in investing in this type of deal?

Generating an income that is passive from my primary career.

How did you find this deal and how did you negotiate it?

Realtor

How did you finance this deal?

Conventional lender

What was the outcome?

Currently rented at $1,300/mo. Generating $712 cash flow/mo

[Robert Ice]

I'm definitely down to come to a meetup. As I'm always looking to learn. 

My interest rate is 4.5%. The taxes last year were around $675 if I remember right and my insurance is $700. I don't have my computer here with me as Im visiting family, but I'll definitely check it and follow up. I closed on the house last December, so maybe I didn't pay as much in taxes and the escrow will rise drastically this year? I don't really know. But the mortgage has been $588 since it started in January and hasn't changed as of yet.