New investor here and looking at occupying a condo for a year and then holding it and renting it out. It is a FHA approved community. What else do I need to know to be sure it is a good investment?
@Caitlin Stables what do the numbers tell you. Investments are all about the numbers. Run them through a spreadsheet or through BP calculators. Decide what your numbers are . $200 per month per door and 10% cash on cash or?
Forgive you will have to explain what per door means.. Very green over here
@Caitlin Stables you need to tag people to get them to respond. Use the @ sign and start typing their name. It will appear. Double click and it will populate the comment box in blue and then they will be notified. If you buy a duplex and wanted $200 per door it would have to net $400 for the duplex. $400/ 2 doors =$200 per door.