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Updated about 7 years ago on . Most recent reply

User Stats

32
Posts
2
Votes
Chad Bellanger
  • Rental Property Investor
  • Thibodaux, LA
2
Votes |
32
Posts

Tell me what you think

Chad Bellanger
  • Rental Property Investor
  • Thibodaux, LA
Posted

Is there anything that I am missing that I should be aware of when it comes to financial situations like this I know that I need to budget in for repairs and upgrades but is there any other information such as cost-wise that I should be concerned about?

Morgan City Louisiana 70380

Total cost = $64,000

Down payment = 25% - $16,000

Annual taxes approximately $850 a year

House insurance=

Closing costs=

Appraisal=

House is renting for $650 a month

Apartment 1 is renting for $450 a month

Apartment2 is vacant

Total amount of rent right now is $1,100 a month

I'm hoping to get $700 a month for house For apartment 1 and 2 $525 a month for a total of $1,750 a month

As of now the repairs are unknown from what I understand it is turnkey

Most Popular Reply

User Stats

238
Posts
115
Votes
Clint Galliano
  • Real Estate Agent
  • Houma, LA
115
Votes |
238
Posts
Clint Galliano
  • Real Estate Agent
  • Houma, LA
Replied

@Chad Bellanger That is BP app's way of handling the ampersand symbol. "&Amp"

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