Buying & Selling Real Estate Discussion

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Carter Henderson
  • Rental Property Investor
  • PA
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Hesitant to jump into my first deal?

Carter Henderson
  • Rental Property Investor
  • PA
Posted Sep 19 2019, 19:36

Found a townhome in a great location of Pittsburgh that overlooks the city. They are asking $380k for the property and the sellers are willing to finance the deal with no money down and 4% interest rate. Motivated sellers, they have been trying to get rid of the property for 4 years.

The property currently has a tenant that pays $2500/month plus the utilities & water. Taxes are $6,823/year.

Is this a good first deal to jump on? Does anyone have advice on the numbers? Will it be enough cash flow for a first deal?

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