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Updated over 11 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Sean Delaney
  • Cinnaminson, NEW JERSEY (NJ)
2
Votes |
6
Posts

Newbie condo purchase

Sean Delaney
  • Cinnaminson, NEW JERSEY (NJ)
Posted

Looking to put an offer in an a condo unit. I have never purchased a condo and looking for some BP advice!

Purchase price $138,000

4 bedroom 3 bath, completely redone ( granite counter, bamboo wood floors, SS appliances, new heat pump and hot water.

Tenant in place with monthly rent of $1,800

HOA monthly is $260

20% down- 27,600

Taxes- $1,500

Any advice would be greatly appreciated.

Thanks BP nation!

Most Popular Reply

User Stats

6
Posts
2
Votes
Sean Delaney
  • Cinnaminson, NEW JERSEY (NJ)
2
Votes |
6
Posts
Sean Delaney
  • Cinnaminson, NEW JERSEY (NJ)
Replied

@Account Closed @Aaron Montague Being new to real estate investing I can't tell you how much appreciate the feedback and insights. Hopefully in a few years I'm a veteran investor like yourselves and providing other BP posters insights!

Thanks again!

Sean

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