Updated about 7 years ago on . Most recent reply
Would you do this deal?
Just checking...
$120K purchase price (already renovated, no chance to add value).
Renters in place just beginning a 2 year lease for $1200/month.
20% down, 5.5% loan (~28K initial investment). Math says $120/month cash flow
Obviously doesn't hit 2% rule
Are there people that would do this deal?