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Updated almost 9 years ago on . Most recent reply

Matt Turner's profile image
Matt Turner's profile image
Matt Turner
  • from Cabot, Arkansas
  • Member since Mar 9, 2015
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28
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Matt Turner's profile image
Matt Turner's profile image
Matt Turner
  • from Cabot, Arkansas
  • Member since Mar 9, 2015
Connect
Matt Turner
  • Cabot, AR
3
Votes |
28
Posts
Starting Out

5% down

Matt Turner
  • Cabot, AR
Posted

I have found a property that i am interested in in my area.  I have talked to a loan officer and she says i would be able to get a conventional loan with 5% down.  The house does need some improvements (carpet out and in with laminate, and also needs new indoor paint). the house is listed for 79,900 and in the area it is in i can rent this house out for around 975$/ month.  Is this an investment i should be considering?

thanks

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