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#302 - How a New Investor Built a Duplex Rental From Scratch
Real Estate Investing with Coach Carson
How Much Does a New Home Cost?
A new house is not a ton of maintenance and other expenses, but I'm just curious like taxes and insurance and then your mortgage payment. What are those costs? Yeah, so the tax bill on it's about $3,600 a year. The insurance is $1,000. So those are our two biggest, $4,600. And then we do include lawn care. We did a shared water meter,. And that's like $1,200, $100 a month. Okay, got it. All right, so people can do the math on that roughly. When it's all said and done, do you have a rough cash flow number? If you had a 2000
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