Jul 11 • General discussion
Rental Thought Experiment - Illinois Hosue
I'm just a tech guy looking for his place in this world called real estate.
I'm browsing redfin, come across This:
95k & 3bd/1ba - according to Redfin, 20% down gets me 780/mo payment.
**38k Long Term stock portfolio to work with for capital.
Quick google search of the area makes me think i can get 1k to 1.1k a month in rent potentially....
Did I find a cash flowing property, or did I make assumptions and its a trap.
**I'm not going to pursue this property and if i accidently found a deal or something, have at, I'm just wondering if I'm starting to understand. THANKS!
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Rental Thought Experiment - Illinois Hosue
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