Lender 路 Texas; Arizona 路 Member since 2019 路 276 posts 路 282 votes
3y
No, bad deal. Buying a property for $490k that will only generate $1,900 a month in rent is not a good deal. If this is your first deal, you'll never do another one and think real estate investing isn't for you. If you are patient and find a good deal you'll be eager to get the next one started.
What if I will be living in the other unit with the hopes of refinancing in the future? My thoughts are to get in the game instead of wait on the sidelines?