Updated over 10 years ago on . Most recent reply

Did I make good investment?
I bought my first rental property 6 months ago. Its a rent to own deal. I have contract for deed. anyways. I bought the property for $36,000. Put $3,000 down. 0% interest. Spent $7,500 in repairs. Payments are 450 a month. property is currently renting for $650 a month.