Quote:
Originally Posted by Kelse92
Suburbs around here you can buy new construction for as low as around 205-215k for the average 3/2 1600sqft single story and it will bring in $2000-2100/mo.
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Sheesh, I wish that were the case around here; I'd buy 2 tomorrow.
You can't even touch 3/2 split level homes that haven't been updated since the 70s for less than ~$450K; and that's in a really crummy school district...after some work, they rent for ~$2300.
Best you can do is a 2/2 1k sq ft 20 year old condo for ~$250K which brings $1900/mo in rent...but you're still on the hook for $300 in condo fees which eats away any profit.