All Forum Posts by: Santos Vargas

Getting started I bought my first house in Tobyhanna Pennsylvania for $115,000 cash I've been here approximately 3 months now I'm looking to buy another house in east Stroudsburg now this house would be a short sale it was last sold for $193,000 and now it's on the market for $125,000 it's a six bedroom three bathroom one acre and a quarter property with taxes range in a $6,000 a year my plan is to move into that one rent the one I have in Tobyhanna and have full inequity on both houses that's the beginning right there after that I'll look around I'll hunt around and I'll see to pull out an equity from the 115 house to go by the next property the next rental I just want to know if there's anything that I'm missing out and how does that sound two other property investors out there that are more experienced in in what I'm trying todo herr do here thank you

@Morgan Wallace Ms Morgan thank you again for taking the time for your advice and Input I truly appreciate and apologize for not having all the numbers . I well in the future ask the buyer / agents to have those numbers ready for me to have a clearer understanding for the investment about to be made . Thank you again

@Aaron Montague First is like to thank you for taking the time to help me with you advice and Input . I have to say your guesstimate was spot on ,you know your numbers . Thank you again very much . With the analysis you've giving me it's truly help give me a clearer picture as to " do I want to invest in this property " . And I believe I'm going to las this on up . I can invest in a primary residence w/ low over head and investment in 1-2 more property that are going to be strictly rentals . Thank you Aaron again .

I'm looking into buying a property in Pennsylvania , Tannersville , in cash . $250,000 multiplex 6 bedrooms 2 baths , 2 kitchens , two level home ,property tax of $5,885 in 2019 , I want to take the second floor and rent the 1 floor . There 1 electric meter I would have covered into 2 meter a cost of $2,000.00 , well water , and septic tank set , heating electric / oil "I would pay" . 3bedroom 1 bath n kitchen per floor ., I have been inform that going rate of rental is $1,000 -$1,200. After my guesstimate I'm looking at a cash flow of about $300. After expenses and taxes monthly of 490$ . I know I don't fully have all the numbers in expenses but regardless does anyone believe this would be a worth deal for a $300.00 or even less cash flow monthly ? Thanks guys . Newbie