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Updated about 9 years ago, 11/13/2015
Looking for guidance on numbers on possible first deal
HI BP fellows,
Been reading and listening to podcasts.
I am looking to pull the trigger on my first property and wanted to get feedback on the numbers from those who know.
2 bedroom 1.5 bath condo near college campus where vacancies are low.
Price 281k
Taxes 3200
HOA 200 a month
Current rented for 1600/month till June but with some paint and cosmetic work could be rented for 1800-2k like others in area.
Looking for guidance on how to value investment. Right now based on calc and tools I see that I would just cover mortgage, taxes and insurance.
Claude