Updated over 6 years ago on . Most recent reply
Rental Property too good to be true?
I found a property in Texas (Duplex with an extra unit so a Triplex) that has rental incomes of $2375/month, recently renovated (like 2 years ago) and it costs around $150k, am I missing something? putting 20% which is 30k it would net around $1525 after the mortgage payment and taxes. Even if I pay some management it would generate around $1000/month of cash flow, which is why I'm intrigued since this seems like a no brainier but I'm new to real estate investing and I want to ask for all your experts advice
Most Popular Reply
@Sid Jones
Lol, I already did double my taxes and insurance on those numbers lol ... actually I tripled them