Deridder, LA · Member since 2018 · 12 posts · 2 votes
Pls help. This is my first actual rental property. Let me know what you think.
Asking price $68
Closing around $5k
Rehab around $10k
Loan $68 convetional (20% down) @ 5.7%
Rents around. 800 - 850
Morgage. Ins & tax around. 450
Vacancy. 56
Management. 80
Maintenance. 56
Cap ex. 80
Should I factor in holding cost of 2 month rent till I finish Reno and put a tenant in?
Pls let me know what you think. Seller started at $72k but lowest is $68k
Hey I'm in Shreveport-Bossier City area. Have you invested here before? Are you working with someone (realtor, property manager, etc?) to verify those numbers? I only ask because something doesn't "feel" right, or maybe I'm reading them wrong