All Forum Posts by: James Joseph

Yeah. Thanks. I'm gonna back out of this one.  There is another one for sale already rented, gonna try to get it at a cost where I am not paying.  Thanks for the advice. I am a newb.  I have lost so much on the stock market, I decided to just stick to rentals.  I guess that -$150 blinded me because I have lost so much more on stock market / bitcoin.

I am looking at a 3/3 home with HOA in a prime location. Made in 2005. Very nice community. Its near all the big oil companies and the university. I put 25% down payment. It looks now that I will be upside-down $150. Look monthly rent will bring in $1400-1500. With HOA included my monthly looks around $1650. I know I will probably pay this house off within 5 to 10 years. Is this worth it, or should I back out of the deal? My last rental home (room rentals), I was positive $500, but neighborhood went down the drain so I sold it. Not used to being upside down. Please advise. This will be my first actual investor home.