Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
My next deal
So I've closed on my first fourplex using FHA owner occupy and plan to refinance in the near future. Even with living in one unit I'm still making 250 a month on rent.
So I still have 12k in student loans at 6.5 interest rate and I would like to get rid of this since it is my only debt.
I recently have been given an offer to buy a condo for 125k and owner finance. Mortgage would be around 1100 and it rents for 1200 so it's barely paying for itself.
There is also a fourplex on homepatth for 170k that needs some fixing up. The market in Alaska is very good and I wouldn't have any problems renting or sellin it quickly. It's assessed at 330 before foreclosure and I could get the rehab loan with it to fix it up.
Should I focus on paying off student loans or should I take a risk and jump on one of these offers?