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Updated over 10 years ago on . Most recent reply

Robert G.'s profile image
Robert G.'s profile image
Robert G.
  • from Las Vegas, Nevada
  • Member since Sep 21, 2013
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Robert G.'s profile image
Robert G.'s profile image
Robert G.
  • from Las Vegas, Nevada
  • Member since Sep 21, 2013
Connect
Robert G.
  • Las Vegas, NV
0
Votes |
14
Posts
Real Estate Deal Analysis & Advice

Analyze my first deal

Robert G.
  • Las Vegas, NV
Posted

Looking for some advice with my first deal! Thanks in advance!

2 bedroom condo that has been completely remodeled (granite, stainless steal, new carpet, new paint, base boards etc). Purchase price is 38K, would be paying cash. Average rent is $700 for the area but my realtor believes we could obtain a contract at $725 because of the remodel. HOA is $140, includes water, sewer, trash. Annual taxes are $202. I understand this doesn't fit the 1% rule.

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