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Updated over 10 years ago on . Most recent reply

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Marci Stein
  • Rental Property Investor
  • New York, NY
504
Votes |
946
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Please tell me what you think about this deal

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

It's a condo for $122,000 in a class A area.

rents for $1700 a month. HOA fees are $810 a month ,plus taxes are $225 a month .

if i put 20% down, the expenses will be covered ,

but if i have a vacancy i will be out alot that month. 

it makes the 2%rule but not after the HOA fees..

Feedback  very much appreciated!

Most Popular Reply

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4,295
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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,295
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4,456
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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Replied

Run away as fast as you can ;)

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