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Updated about 9 years ago, 11/13/2015

User Stats

48
Posts
14
Votes
Claude Robinson III
  • Fremont, CA
14
Votes |
48
Posts

Looking for guidance on numbers on possible first deal

Claude Robinson III
  • Fremont, CA
Posted
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

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