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Treven May
  • Wasilla, AK
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My next deal

Treven May
  • Wasilla, AK
Posted Mar 27 2014, 07:35
So I've closed on my first fourplex using FHA owner occupy and plan to refinance in the near future. Even with living in one unit I'm still making 250 a month on rent. So I still have 12k in student loans at 6.5 interest rate and I would like to get rid of this since it is my only debt. I recently have been given an offer to buy a condo for 125k and owner finance. Mortgage would be around 1100 and it rents for 1200 so it's barely paying for itself. There is also a fourplex on homepatth for 170k that needs some fixing up. The market in Alaska is very good and I wouldn't have any problems renting or sellin it quickly. It's assessed at 330 before foreclosure and I could get the rehab loan with it to fix it up. Should I focus on paying off student loans or should I take a risk and jump on one of these offers?

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