Looking for first time rental property
I am wanting to finally start my investment career in real estate. I don’t have the money to make a down but I do qualify for a loan. Found a multi family listed at 280K
Both units have tenants and pay $995Month. After doing a little research in the area it seems I could raid the rent to $1400 for each unit.
Without any knowledge of the condition, do the numbers make any sense? Should I try and pursue this opportunity? I would also have to pay for a property mgmt because it’s in a different city.
Thank you