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re: Rental Property Investment

Posted on 6/17/15 at 4:21 pm to
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16984 posts
Posted on 6/17/15 at 4:21 pm to
quote:

My latest rental I bought for 15k and I am putting 15k in repairs in it.

I'll get $700 per month minimum.


That's nice but it's an anomaly. I can't imagine a 200k house renting for 3-4k a month.
Posted by I Love Bama
Alabama
Member since Nov 2007
37764 posts
Posted on 6/17/15 at 4:24 pm to
Of course not. That isn't how it works.

My deal is far from an anomaly though. Lot's of people do deals like mine every day.
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