Updated over 8 years ago on . Most recent reply
Possible first Property
I stumbled upon a 4 Plex today. It is 100% Occupied Property, Seems to be in great shape. This would be my first step and I am kind of terrified. I am taking my steps to do my do diligence which includes Inspection check, having a contractor look at the property, Tax records and the details about the tenants. The roof was replaced in 2009 so there is no issue there.
I possibly have a partner on the deal willing to do half of the 20% but I know there are more options because I listen to BP podcast. I would definitely want some type of loan for anything that will happen in the future after the possible purchase.
What do you suggest in my situation? I have a Low Credit Score still in repair, A little Cash and a good opportunity? How can I bag this deal? I am open to any suggestions. Thank you.