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Updated over 4 years ago,

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3
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Allen Frazier
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3
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Looking at a townhouse for a first rental deal

Allen Frazier
Posted

Hey guys,

I just need to make the jump into the water. I've been studying and listening to podcasts for the past 2 years now and I just need to dive in.

Listing is 200k Townhouse(divorce sale) and comps in the area range from 190-330k. Rents are around 1650-2k monthly and HOA fees are 125 in the neighborhood. The neighborhood is constantly filled with military family and turnover is frequent.

I planned on putting 5% with a 30yr and hope to get 1750 rent(Tenant pays utilities) 

Should I jump on this deal? Should I make a low offer? am I missing some pieces to analyze? 

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