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Sep 30, 2024
10:07:23am
scrubbed03 Contributor
Wanting to get into an investment property. Would be my first one and learning
what could be a good option for us. I have an opportunity to purchase a small apartment in Blackfoot. My loan would be 120k and there is a Cap Rate is 5%. Doing some number crunching and after fees I would net like $80 a month. I don't need this to make me lots of money now but I would like to turn it around in a few years into a duplex or 4-plex. So I would just have this grow until that time comes. What else do I need to know? For your seasoned investors does this seem like a decent deal for someone to start out with? Thanks
scrubbed03
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scrubbed03
Joined
Sep 22, 2009
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Sep 30, 2024
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543 (4 FO)