First time investor seeking advice on an opportunity
Hello all,
I am looking to be a first time investor in Illinois while living in Iowa. It would be a multi-family home with two units (two bed / one bath, each). For now, the numbers I'm anticipating are as follows:
Purchase price: $80,000
Current rent: $625/each
I'm looking for opinions on if it seems like a reasonable deal or not? How to approach the seller about it in order for both of us to walk away happily?
Thank you all in advance!