Updated about 6 years ago on . Most recent reply
First Deal - Triplex------thoughts?
We are just starting out with real estate investing. Here's our potential first deal we would Love to hear feedback:
Property Appraised 190k
Asking price 130k
Triplex with combined rent of $1450/month (currently rented, could raise slightly if needed)
Financing:
Loan for property
Down payment HELOC from our home
Our goal is to get started in multi family units in order to grow a portfolio and use equity from rentals to purchase more.
Thoughts? Feedback?
Words of encouragement to calm newbies first deal jitters?