Updated over 4 years ago on . Most recent reply
Quick Help on Numbers
Hello Everyone,
Quick question, I am looking to purchase my first rental property and I have come across one that is a tri-plex that can be purchase for 180k. The three different properties rent for $800, $600, and $1200 a month. With knowing those numbers and a mortgage under $1000, is this something I should be considering at that purchase price or should I wait for something different? One of the units has been recently painted and carpeted others will need to be updated when renters move out. If anyone has any input that would be very helpful. Thank you again.