All Forum Posts by: Anna L.

@Jon Kelly No info changed. I thought it was a good deal because it could generate good cash flow. On second thought I started to worry about if it is not rented, what if??? those kind of concerns started to come up to me.  

Trying to purchase 2B/2B apartment ($45,000 with cash) and the area rent-to-price ratio is favorable.

It can generate $300 cash flow per month after calculating all expenses( HOA: $170 per month, vacancy 8%, management 10%, insurance, tax, no need for maintenance)

It will be my first investment property, so I am very nervous about this deal. The offer was accepted but I am a little worried about HOA.

Is gonna be a okay deal or should I reconsider this opportunity?

I'd appreciate sharing any insights or experience.

Thanks for your response, @Malcomb Stapel

I don't know much about rehab and refinancing option because I am a newbie on this. Should rehab be required to refinance the property? 

I am a newbie here. no investment property yet. I found one condo in Memphis $45,000 with 2B/2B and it looks like the price is reasonable and house looks okay.

I am thinking to purchase it with cash. But when I got the report using BP rental property, it show 11.67% CocROI with cash  purchase and 30.29% with 30year 4.5 % interest rate. I am a little confused about this number. Is this mean getting loan is better investment strategy than cash purchase? Did I miss something or doing wrong ? Can anyone help on this, please?