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Updated almost 7 years ago,
Harrisburg, PA Rental property, first deal, need advice
I'm looking to invest, not quite sure where, but I came across some deals in Harrisburg, PA (I'm in Utah). What taxes should I be aware of (again, from out of state), hidden fees that a first time investor should factor into a deal. Asking price is $28k, occupied by tenant. $800 a month rent. Realtor says "minor repairs would be nice."
Also on older homes do they require more than 20% down?
I've used the rent calculator and the numbers look really good, but I don't want to be missing anything. Also I would be looking for a good PM company.
I used Trulia to check out the neighborhood, seemed good, but close to some "red areas". Below is a link to the property.