Updated almost 7 years ago on . Most recent reply
College student looking for first deal. Have two I am looking at!
I have two properties I have found but do not have the capital to fund them. I am a 20 year old college student interested in getting involved with real estate investing. Both properties I have been looking at are located within 5 minutes of my university. One property is a 2 bed 2 bath house listed at $33,000 with most likely $7,000-$10,000 in rehab with a rental rate of around $500. The second property is a 3 bed 2 bath not listed and the older couple who owns it is interested in selling it. The house is appraised at $104,000 but the couple said they would be willing to be flexible on the price and they would be willing to talk about owner financing. Rental rate on that property would be around $900 the house should be ready to rent out immediately.
Please let me know what you think about the deals!