HELP with my FIRST DEAL

[Daniel H.]

Right now I am looking at a 6 unit apartment. 3 studios, 3 1-bdrms. Then there is a small 1-bdrm house also on the property. the land is about 75x100. Both buildings in some bad shape. asking price is $220k it is a college town, so renting is never an issue. If anyone has any feedback I would be very thankful.

[Des Shei]

Originally posted by Daniel H.:

Hey thank you both for your feedback. I ran the numbers last night. It was not very promising. So I got on Craigslist and found two more well kept and cheaper units for sale in the same area. So I have to check them out now. Again thank you.

Good going. Fall in love with the NUMBERS not the HOUSE. you're on to a good start. The ability to say "NEXT" is one which every starting out investor needs to get familiar with