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Updated over 7 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Canel Cole
  • Rental Property Investor
  • Houston, TX
1
Votes |
7
Posts

First rental investment

Canel Cole
  • Rental Property Investor
  • Houston, TX
Posted
Hello BP, I am looking at my first deal SFH in nice neighborhood that just needs miniature paint and flooring redone. I am looking to buy hold some years , then see if I want to sell after 3-7 years. . Two part question: 1. I am trying to first see if the deal numbers work out, so what is the best way to calculate capital expenditures? 2. This house is the only 5 bedroom in the immediate area, so should I expect to charge rent at the high end of the spectrum? Thanks !

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