GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Would you recommend this as a first RE purchase?

06-03-2006, 07:12 PM

Say there is a triplex $400,000

You buy it with 10% down, finance it for 25 years lets say
so you put $40,000 down and you have a $360,000 mortgage for 25 years

you rent it out, and you are pocketing 500$ every month after taxes and mortgage. With not much hope of great appreciation.

does that sound like a reasonable deal for getting your feet wet in the RE market?

06-03-2006, 07:12 PM
buddyjuf Guest Posts: n/a	Would you recommend this as a first RE purchase? Say there is a triplex $400,000 You buy it with 10% down, finance it for 25 years lets say so you put $40,000 down and you have a $360,000 mortgage for 25 years you rent it out, and you are pocketing 500$ every month after taxes and mortgage. With not much hope of great appreciation. does that sound like a reasonable deal for getting your feet wet in the RE market?