Updated almost 6 years ago on . Most recent reply
Possible first real estate investment newbie
Hi Im very new to real estate and real estate investing in general. Im 26 and living off of a professional salary on Guam. My partner and I are planning to close on a condo worth 295k under a 3% down. We would live in this condo for 1 year with an estimated ~1850 monthly mortgage including HOA of 275. We plan to invest in the future and rent it off to military with a minimum of 2200 per month. At the mean time we plan to house hack with friends renting out the rooms.
What do you guys think of this?