Updated over 9 years ago on . Most recent reply
Deciding on our first investment in a college town
Hi there,
We are looking at an investment property in the town where our daughter will be attending college in the fall. This will be our first deal. It's a single family, 3 bed, 2 bath, 2 car garage, small fenced yard, no basement property that needs zero work. It's on great condition in a very safe area. Sellers are firm at $190,000 which is about 10-15k higher than most of the other properties in the area. Rent is $1500/ month. Our daughter will be living there 3 of her 4 years as well, so it will be serving dual purposes. I'm just not sure if it's a good deal and would appreciate any advice. Thanks so much.
Kristie