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Updated almost 9 years ago,

User Stats

13
Posts
8
Votes
Eric Hu
  • Chicago, IL
8
Votes |
13
Posts

Chicago Condo Deal

Eric Hu
  • Chicago, IL
Posted

Hello all, I'm new to the site and pretty new to investing in general would really like some feedback on a deal I've got going on. 

We have a cash deal for a condo on the North Side for $105,000. It will need about $5000 in work and we think we can get at least $1300 per month in rent. HOA fees are about $560 and property taxes are about $1000 per year. I did some analysis on the BP calc and J Scott's spreadsheet but I'm not completely sure if it's a good deal. I just wanted to throw this out there for some thoughts. Any help would be appreciated. Thanks!

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