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re: Information for my fellow Real Estate Investors

Posted on 2/7/16 at 7:58 am to
Posted by poochie
Houma, la
Member since Apr 2007
6351 posts
Posted on 2/7/16 at 7:58 am to
Based on $75000/unit, $700 rent in year 1 (so a little low in year 1 for rent).
Posted by I Love Bama
Alabama
Member since Nov 2007
37737 posts
Posted on 2/7/16 at 8:23 am to
In what market? If you're in Alabama I'm not a fan of those numbers at all.

eta - If you're in Houma I would strongly advise against it as well. If Oil stays down your rents are going to decrease, not increase.
This post was edited on 2/7/16 at 8:26 am
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