Your thoughts?

[Dannie Barlow]

wanted to get everybodys thoughts on a deal that I just completed. I bought 2 sfh right across from each other in a b neighborhood. Both appraised for around 95,000, I got both for 60,000 each. The loan is together on them which comes out to 815 a month for both. They both have been rented to the same tenants for 5 years, both are good tenants and are staying. Each house rents for 950 a month so I receive 1900 total a month. Please let me know your thoughts. Thanks for the help.

[Account Closed]

Good job.

Any deferred maintenance? Make sure you put some money aside each month so you can start catching up. Unless they're newly renovated and pretty, which I doubt if the tenants have been there 5 years plus, you should keep in mind that you will probably have to do some work if you have any turnover.