All Forum Posts by: Joshua Wileczek

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Joshua Wileczek has started 1 posts and replied 3 times.

great I will set my sights that way, thank you for the insight @James Masotti!

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thanks @James Masotti do you think PA or DE would have better luck?

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Hi all,

First time real estate investor here. I'm looking to get involved in a turn key duplex in south jersey selling for 140000 and currently rented for 850 per unit. The unit has been on the market for 2 months. Taxes on the property are 4600 per year. My plan is to put 10000 down on the house. When I plug the numbers into a mortgage calculator accounting for taxes and PMI and budgeting 150$ per month for repairs I'm getting an all in cost of 1300 per month. Do these numbers make sense for someone looking to invest For cash flow in a relatively passive manner. If not does anyone have any suggestions on how to refine my search a little? Am I missing any key factors in my evaluation? Much thanks in advance!

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