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Updated over 16 years ago,

Eric Davis's profile image
Eric Davis's profile image
Eric Davis
  • Member since Apr 9, 2008
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24
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1
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Eric Davis's profile image
Eric Davis's profile image
Eric Davis
  • Member since Apr 9, 2008
Connect
Eric Davis
1
Votes |
24
Posts
Real Estate Deal Analysis & Advice

First Deal?

Eric Davis
Posted

Asking Price: 50,000
Taxes(annual): 220
Insurance(annual): 450
Monthly Rents: 600

We have considered offering all cash.
If we take a loan, we are looking at around 200/month.

I already have 4 people interested in renting.

We are hoping to pick it up for 42,000 but are offering 38,000 to start. I think I have finally found our first property.

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