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Updated about 10 years ago on . Most recent reply

User Stats

114
Posts
19
Votes
James L.
  • Investor
  • Pflugerville, TX
19
Votes |
114
Posts

Owner finanacing rural deal

James L.
  • Investor
  • Pflugerville, TX
Posted

So I found a deal on an owner finance duplex in a small rural town of about 16k people. It's maybe 15 mins from a much bigger town or suburb And 30 mins from the city.  I can get it for about 100k 5% down and 5% interest. Rents are 1300 a month

So the note would be 400 a month p&i

Vac, maint, taxes , insurance 600

Should cash flow 300 a month on paper. But it's a small farm town.  Any thoughts?

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