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Updated about 10 years ago,

Mo Thomas's profile image
Mo Thomas's profile image
Mo Thomas
Pro Member
  • Real Estate Investor
  • from East Meadow, New York
  • Member since Dec 2, 2012
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User Stats

35
Posts
1
Votes
Mo Thomas's profile image
Mo Thomas's profile image
Mo Thomas
Pro Member
  • Real Estate Investor
  • from East Meadow, New York
  • Member since Dec 2, 2012
Connect
Mo Thomas
Pro Member
  • Real Estate Investor
  • East Meadow, NY
1
Votes |
35
Posts
Real Estate Deal Analysis & Advice

5 condo deal

Mo Thomas
Pro Member
  • Real Estate Investor
  • East Meadow, NY
Posted

I am purchasing 5 condos at $16000 a piece. Total price 81,000. Four 2 bedrooms and One 1 bedroom. 2 bedrooms rent for 650 and the one bedroom will rent for 500. HOA is $159 a piece include water, sewer and trash. Taxes are $350 a year average and insurance is approximately the same. Each condo needs approximately $5,000.00 in work. Is this a good deal?

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