Updated almost 10 years ago on . Most recent reply
Financing
Hey guys,
I am a sophomore at college and looking at purchasing a rental property soon. I am looking at a 3 unit triplex that currently has tenants living in it. With all 3 units it rents out for $1,700 per month. It sounds like I could get the property for around $60,000. Is this a good deal? Also I am only working part time since I am at college, and am wondering what is the best way to finance this property? Do I need to find a private investor? I don't think I will be able to get a mortgage from the bank. Any thoughts?