All Forum Posts by: Jun Wang

Hi, I am new to Biggerpocket and looking at my first rental property. The property I am looking at is one bed one bath patio home located in class B neighborhood in northern Alabama. according to rentometer, the rent average about $850 monthly. the property tax is about $1100 annually, and HOA fee is $80/monthly that covers lawn and pest control, garbage, and pool access. I am thinking about making a cash offer on the house at asking price of $100,000 and hoping to cash out refinance later to buy another rental property.

what do you guys think about his deal?  

thanks for you help