Updated about 12 years ago on . Most recent reply
First and Second properties.
HI Everyone,
My name is Phil and I am new to BiggerPockets. I have invested in two properties so far on my own. Both were 2 and 2, 1010sqft. Condo's. The first I purchased for 75K then appraised at 83K. With 20 percent down and an additional 14K in rehab, I have 30K invested. Carrying a mortgage of $417 and HOA fee's of $190.00, Maintenance of $20.00 gives me a total cost of $627.00 per month.
I rented it for $875.00 per month which gives me a total of $248.00 positive cash flow.
With these results I am considering doing it again. What do all of you think?