Buy & Hold

[Randy Lin]

Is this a good deal?

Property: Austin, Texas

Purchase Price: $145,000

Rent: $1300/month

Property Tax: 2.7% a year

HOA: $0

Maintenance: 5%

Property Manager: 8%

25% down, 3.750% interest rate for 15 years

SFR will be completely paid off in 15 years. Right now will be cash flow neutral.

I am a veteran stock market investor, but I am relatively new to real estate.  Also, do you recommend any other places I might be able to buy & hold that will give me a better return with exposure to market appreciation?

Thanks,

Randy

[Adrian Chu]

Have you considered using a 30 year mortgage instead of 15?