Bought two houses and rented them out.Good,okay or bad??

[Jason C.]

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

[Dawn Anastasi]

The numbers by themselves look good, but this says nothing of the neighborhood, the quality of the tenants, the items on the property that still need to get fixed sometime in the future, etc.