All Forum Posts by: Mohammad Al-hadad

I am located out of Minnesota and am interested in beginning my career or future as a landlord. main points 

1. houses are for like 350,000 - 425,000 in Minnesota with rent from 1,800 - 3,300 so if I get a property for 415,000 with about 5,000 in rehab and rent for about 3,000 is this a good deal and how do I know what a good deal is?

2. I always have family and friends giving me negatives like " what is it doesn't rent" or who is going to "pay that much for rent" or "what if the tenant burns the house down" are these realistic situations and how do I prepare and understand to to come back if anything like this happens how do I plan ahead.

3. should I go for a newer house with little to no rehab for 415,000 or something like 350,000 with like 10-20 in rehab?

if you can answer these that would be great thank you..