Updated almost 11 years ago on . Most recent reply
5 condo deal
I am purchasing 5 condos at $16000 a piece. Total price 81,000. Four 2 bedrooms and One 1 bedroom. 2 bedrooms rent for 650 and the one bedroom will rent for 500. HOA is $159 a piece include water, sewer and trash. Taxes are $350 a year average and insurance is approximately the same. Each condo needs approximately $5,000.00 in work. Is this a good deal?