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General Landlording & Rental Properties

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Ronnie Gilmer
  • Investor
  • Fort Washington, MD
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20
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First future rental property question/help

Ronnie Gilmer
  • Investor
  • Fort Washington, MD
Posted Jan 5 2015, 12:17

There is a foreclosure on a condo in my area that is in pretty good shape for ($60k). The condo fee is $230 and the taxes are $1300/yr. The comps are renting for $1325 to $1500. I'm new to this and I am SUPER nervous. Would this be a good investment/second income? 

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