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Updated about 2 years ago on . Most recent reply

Mohan Kurraa's profile image
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Mohan Kurraa
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Mohan Kurraa
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Austin Real Estate Forum

Buy or not

Mohan Kurraa
Posted

I have looked at 2 homes and both are decent to great location.

First one asking price about 560k 2300sqft, rental expected about $2500. Hoa $125 tax is 2%. Even with 5% interest with buy down I am not getting the cash flow 

Second home prices around 450k 2500sqft and rented for $2500 now, 


I am thinking of second home, what is the max I can offer? I am around 405k and hoping to refinance in 1-2 yrs

Austin, Texas
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Eliott Elias
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Eliott Elias
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Eliott Elias
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You tell me, is this a good deal? 

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