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Result:
Monthly payment: 30 Years
Interest rate: 7.750%
Loan amount: $ 150,000.00
$ 1,074.62 a month
So i would need to charge about $1557 per month just to break even (with a %45 of rent as operating cost) every month. I would need to rent out at $1700 a month to make it worth it? Is this feasible?
Thanks

hmm,,ty

THis would be my first deal.
I found a house for sale in an economic thriving neighborhood. Nice homes, no crime, its growing development wise, everything checks out. The house 3 Bed, 2 Baths. $160,000. So to my non-experienced understanding i go apply for a mortgage and rent higher than my monthly payment and hand the managment over to a PM company and i keep the difference? Am i good to go?

Do high end houses rent? Say over 200k? I live in kentucky. Do cheaper houses rent easier than expensive houses?

I want to become an appraiser so i can get my foot in the door to owning my own company and properties. Here are my options for becoming an appraiser:
4 year degree in Business Finance- Real Estate option- i could go into property management, corporate real estate, appraisal, brokerage, investment analysis, and finance.
2 year degree in Real Estate- i could go into in land development, commercial property management, finance, appraising, corporate real estate, and sales and leasing.

Or just study the required courses to be certified

Which do you think would i be better off persuing?
Thanks!!

whats req. to be a commercial appraiser thats different from a residential? Most of your time is in an office? Is there alot of travel?

what would be unethical about buying some of my own properties? I see a spot or build one myself. Maybe im missing something. Yeah i did look at the government job outlook for appraisers and the demand for them are susposed to increase faster than average. Do you know a better avenue to get involved in RE? I need to get some money and i figure a degree would help, lol. Especially in RE.

Since i dont have any money and i need to go to college. I was thinking about Business Finance with the Real Estate option. I can appraise, manage property, and get into land development. I figure i can get my foot in the door by appraising for awhile and then start my own company and get into owning my own properties. Is this sound thinking? I appraisal a good avenue? Anyone know anything about the appraisal career?
Thanks

how do i make sure my comps and repairs are more accurate? I drove buy a couple of times.

Im not a rehabber im just analyzing this property that for sell. So 30 grand is not enough to go through with it? I would if i had the money! How do i get more accurate comps? I used this website ABC's of RE. So if the seller wants less than $97,000 should i try and birddog this property? I dont want to waste anyones time or accidently screw somebody over.