You want that first property, but you can’t pull the trigger. Uncertain about your market, uncertain about your credit, uncertain about tenants. It feels like risk overload.
Today I want to re-frame your internal debate. Let’s talk about the worst-case scenario. Let’s leave out truly catastrophic investor stories and capital expenditures. This is the simple single family property worst case:
Completely vacant unit, and you’re on the hook to cover mortgage, taxes, and insurance.
Let’s say this amount for your market is $800/month. If you had to pay up every month, could you do it? How would you feel about it?
Click on link to read the remainder of the article. If you’re looking to buy your first investment property call
Kevin Polite
Solid Source Realty, Inc.
404-299-7100
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