About to buy my first property!!
so I spent a lot of time searching for an investment property and I finally found one that I liked it's in Cary North Carolina, I put the offer in for 153,000 and can rent it out for 1200 a month based on comps in same development. Any tips for the next steps to come or land lord tips? I'm at the point where I need a mortgage I'm probably gonna use Bank of America the interest rate they gave me was 3.3% for 30 year, I have excellent credit and just paid my agent the due diligence and escro fees for inspectors and such. Basically the closing is in November.
Other info:
HOA is 165 a month
Covers all exterior jobs except windows
New roof was put in 2014
I think it might a replacement HVAC because it's from 1991 when the house was built
2 bedroom 2 1/2 bath
Natural gas heat
Has new pair and new carpets in now
I negotiated to get all appliances to be included