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Updated over 10 years ago,
Bought two houses and rented them out.Good,okay or bad??
Long time reader, first time poster. I just bought two houses and fixed them and rented them out.. I would really appreciate anyone to chime I'm to see if I good deal or not and if my rents are good enough. I paid cash for both deals.
First house
Purchase Price - 27,990
Rehab cost - 8,000
Rent - 850
Second House
Purchase Price - 29,600
Rehab - 2,500
Rent - 775
Thanks for all input. This is in Philadelphia Area