New To This And Need Advice
Hello all, I have been reading lots of posts to try and gain some knowledge.
I have found a place that i am thinking about getting.
Okay, it has a lp-$112,000.00
It rents for 900month(sec8)
Tentant been there 2 years.
1,188 living area
tax value is 102,525.00
tax rate is .99
I am looking for the long term investing.
How can i make this work.
[ Edited by watt on Date 04/09/2004 ]
if your looking to fin. you need to talk to the bank and find out what your rate will be. once you know what your monthly payment will be you can subtract it and all other exp. from your rental income to see if you have a positive cash flow or a negative cash flow. then you can better determine if it is a good deal.........ggod luck...kenmax