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Ronnie Stotts
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1st time buyer, [Calc Review] Help me analyze this deal

Ronnie Stotts
Posted Jan 19 2022, 09:48

Any help would be greatly appreciated! I have read a lot and still learning but also wanting to start with my first property to get my feet wet. Hopefully the first will be a win or at least break even. The goal right now is to learn. I am also somewhat confused on mortgages, is it typical to do a 30 or 15 year mortgage? It seems that a 15 is almost impossible to have much, if any cash flow with most properties I have analyzed. My goal is not cash flow but would like it as a cushion for maintenance, vacancies, etc.   Thanks so much!!

Any help would be greatly appreciated! Have read a lot and still learning but also wanting to start with my first property to get my feet wet. Hopefully the first will be a win or at least break even. The goal right now is to learn. I am also somewhat confused on mortgages, is it typical to do a 30 or 15 year mortgage?  Thanks so much!!