15k investment in a small condo anywhere in US

[William D.]

I am looking into investing 15-20k in a small property. no more than 115k.  I was looking outside Atlanta, Hobe Sound Florida, Seattle, Miami, etc. Any advice??????

2 bd 1 or 2 bath

$100k Loan

4.5%

$20k down (20%)

$782.00  per month

$250..00 HOA fees

$1032.00 Payment for home in total

Charge $1250.00 per month rent

$218.00 in pocket

[Samantha Klein]

You are going to lose money. Your thinking your gonna pocket the difference without factoring in vacancy or repairs or anything else. You need to learn how to run ALL the numbers.