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Updated over 7 years ago,

User Stats

40
Posts
11
Votes
Erik Romo
  • Investor
  • Taylor, MI
11
Votes |
40
Posts

Need Advice,,,,Found my first Potentail Rental!!!

Erik Romo
  • Investor
  • Taylor, MI
Posted

Hello BP,

Like the subject says, I found a 2 Unit Rental for $ 35K, one is rented at $550 and the other is vacant but its ready to rent. 

Issues:

Roof will probably need to be replaced in the next 2 years, and 1 furnace has about 1 year of life left. Taxes are about $2K per year. Im not sure on the insurance rate but should be around $150 ish per month.

I found this property without looking for it, I just need to make sure its worth it.

Thanks in advance for your help.

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