Updated over 4 years ago on . Most recent reply
Rental property investmen
Is it smart to put 10% down on a rental investment property that you had to offer $30k over asking for?!
Property price listing $260,000 and offer price $290,000.
Not sure on appraisal price yet...
Thanks for any help in advance.
Rental comp's in the area are $2400 monthly and my mortgage (pending appraisal & final costs) will be $1800-$2000 a month.
Most Popular Reply
@Abbigail Weiler not a deal I would be getting into... it screams you will be reselling for a loss in a year or two