Help me analyze this deal- Learning Out of State Investing
A friend and I are learning the ropes of investing out of state. He is in Boston and I'm in Portland, and we know some people in Texas who helped us find an agent and began a search for us. We came across this property below and both like it, but want to make sure are numbers look realistic. We'd love to hear any advice!
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Most Popular Reply
It depends on your criteria for purchasing. I personally would not invest in a house for only a little over $100 a month if the goal is cash flow. I think you could do better than that. And I wouldn't invest for only a few percent ROI. I am not even digging into your inputs on the specifics, I'm just basing that on the highlights. Note that I don't know this market at all, and I am a relatively new investor, but I would not do this deal. Good luck to you.