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General Landlording & Rental Properties

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Todd Lightfoot
  • Brunswick, GA
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What do you think of this being a first deal?

Todd Lightfoot
  • Brunswick, GA
Posted Nov 13 2017, 13:51

Here is the first deal I am thinking about doing. It is a condo and I could get for 75K and have seller pay closing. The HOA is 165 a mth with taxes of 575 a yr. Would rent for 950 to 1000 a mth. Problem is yes I have 15K in savings to cover down payment but would wipe me out with no reserves for my personal or business. Would there be any way around putting the full 20% down?

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