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Updated almost 6 years ago on . Most recent reply

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Emily Alspach
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First Deal - Triplex------thoughts?

Emily Alspach
Posted

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?

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