All Forum Posts by: Shruti Agarwal

Thanks all. Appreciate your quick responses. This definitely gives me some food for thought..and helps in making a better decision. I'll keep you updated what happens on this front.

Thanks Michell for your advice. This does seem like a decent property in a great location/condition and the fact that I haven't come across many which are close to this..makes this decision even harder...

What are some of the drawbacks of HoA? 

And I'm hoping that since I'm breaking even now, in a year or 2 from now, it'll start cash flowing..is that a bad assumption? 

Moreover, someone is still paying my mortgage..

Hello all,

I'm  a newbie in real estate investing and need your advice.

I have a potential property (my first rental) that i can buy and need your guidance if it makes sense.

Townhome, 3B, 2.5B, 1400sqft living, 1,800 Sq. Ft. lot, 2001 built

Offer price $195K (includes closing costs etc) in portland OR

HoA $150 (includes exterior, yard)

20% down ($39K)

Potential rent $1500-$1600

In my opinion, i'm just breaking even but I understand I'll be building equity etc..

Do you guys think it's a wise investment? I need your advice quickly as I need to make the decision today.. Thank you so much in advance.

Sam