All Forum Posts by: Connor Burnett

Thank you all for your inputs. The reason this offer appears to good to be true is that is felt like it was too easy to find and set up. 

Home is $110,000. 

25% down

APR of 4.625%

Rent is $1095 a month 

Property tax is $131 a month

Property Management is $100 a month

Insurance is $60 a month

Hello Everyone,

My name is Connor and I am looking to buy my first investment property. I am concerned about the offer that has recently presented itself to me. I found a property management company that sells homes to investors that have tenants already in them. 

My biggest question is, is this a common thing for management companies to do? Why would they sell a home that is bringing in a profit like this? 

As I said before, this is my first real estate investment but it feels like it was to easy. I have read books and asked questions, but I don't want to overlook something.

I don't want to learn a $30,000 lesson, because of ignorance. 

Any advice?

Most Respectfully,

Connor