Updated over 6 years ago on . Most recent reply
Good Investment or Not?
I am looking to purchase a rental property for positive cash flow. What is considered a good cash flow?
Viewed a home 2BR/1 bath 900 sq/ft. They are asking for $55k. I think I could rent for $725/mo. Everything is ready to go, no repairs needed and appliances furnished. Only concerns are it's small and I not sure it is worth the asking price.
What is a good negotiation price and what should I expect for a monthly return?