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Updated over 7 years ago,

Austin Works's profile image
Austin Works's profile image
Austin Works
  • Investor
  • from West Monroe, LA
  • Member since May 12, 2015
Connect

User Stats

196
Posts
70
Votes
Austin Works's profile image
Austin Works's profile image
Austin Works
  • Investor
  • from West Monroe, LA
  • Member since May 12, 2015
Connect
Austin Works
  • Investor
  • West Monroe, LA
70
Votes |
196
Posts
Real Estate Deal Analysis & Advice

Considering My First Rental Property

Austin Works
  • Investor
  • West Monroe, LA
Posted

I live in an area where townhouses are very popular. However, I have come across an opportunity to buy a townhouse for $74,000 that appraises for $115,000 & rents for $900 monthly. I currently own zero rental properties, but thsi seems like it would cash flow on a 20 year conventional mortgage. There are no repairs needed, as the property is in good condition. There are no HOA fees, and the tenant pays all utilities. Is this something you would pursue? Why or why not? Thanks, I appreciate any feedback!

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