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Updated 10 months ago,
My neighbors house is for sale, should I buy it?
Hello everyone!
I need some opinions. My neighbor is selling their house (estimated $180,000 - probably higher when it hits the market). The house is up to date and does NOT need any work done.
I'm interested in owning rental properties and think this would be a great opportunity as my first rental. It's next to my house so I could easily manage the property myself and rent it out for $2000+ per month. However, me and my wife are on the fence about whether or not we should pull the trigger in pursuing this opportunity. We feel it's a great opportunity, but we both are very green in the field of rental properties. Which makes us concerned about investing such a large amount of money.
I would love to hear some opinions on whether or not I should jump on this opportunity.
We appreciate your insight and expertise!