Updated almost 9 years ago on . Most recent reply
Need Advice,,,,Found my first Potentail Rental!!!
Hello BP,
Like the subject says, I found a 2 Unit Rental for $ 35K, one is rented at $550 and the other is vacant but its ready to rent.
Issues:
Roof will probably need to be replaced in the next 2 years, and 1 furnace has about 1 year of life left. Taxes are about $2K per year. Im not sure on the insurance rate but should be around $150 ish per month.
I found this property without looking for it, I just need to make sure its worth it.
Thanks in advance for your help.



