All Forum Posts by: JOE SNEAD

yes ive verified both of those numbers. im new to this as wel apparantly above 300 hoa fees includes insurance on the structure.

Id love to hear form some other if they fele this is a good deal or an average deal or if there is another way to skin this cat

here are the numbers
1100 sqft condo 28k
rents for 750-850 a month
hoa fees 360 month
tlc needed - heavy clean, paint, new stove-1k
buying all cash no mortgage
So if the place rents out at 825 no vacancy i make my money back in 5 years.

I would like to refi the place. I went to my personal bank and they were very conserative when it came to investment properties. they would do 70% of my purchase price

Does this deal make sense am i missing anything? i feel it works but the numbers seem tight and the Hoa fees seem to be killing it.

Advce suggestions critics?