Need help on my first investment..... - Posted by MartysGirl

Posted by will on October 03, 2003 at 24:36:40:

Mike,

I’m thinking about investing in a commercial property in FL. How do you think you can help her?

Need help on my first investment… - Posted by MartysGirl

Posted by MartysGirl on September 23, 2003 at 11:14:30:

Hello

I’m looking at a 8-unit condo. they are asking 35K each but I think I could buy all eight at 30K each. Monthly income is 3112.00 with ONLY seven rented. I could ask more for the last condo(it has new carpet and paint). Tax are 580 on three and 562 on Five. The HOA is 96.00 on 6 and 100.00 on two. The apartments are already managed and ask 10 %.

Do you guys think this is a good deal? I’m not sure… Should I look for something else?

I also wanted to see what would be the best way to finance this. I have very good tri-merge score of 760ish but no money to put down at the moment.

Can someone please share what they think…

Thanks in advance

Re: Need help on my first investment… - Posted by mike

Posted by mike on September 29, 2003 at 21:17:58:

In Florida I can help