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Updated over 6 years ago,
Should I start off with this deal as my first ever investment?
My first buy an hold opportunity..
Triplex - Fully occupied
listing price $170,000
(DOM: 73, CDOM: 257)
Unit A & B: 2/1, Unit C: 1/1
All 3 units rent for $550 (room for increased rents)
*Seller is willing to carry back a first trust deed with a 20% to a 30% cash down, 3-5 years at a 8% interest rate.
**Seller currently has 3 properties in totaling $465,000. Cash offer on all properties will get a discount of $40,000.
Confused on the sellers terms/options?
Deal or no deal on a surface level?
Looking for cash flow. Will be primary place of residence (house hack) for 12-16 months.
Any suggestions and/or feedback much appreciated.
Thanks in advance.