Should I start off with this deal as my first ever investment?

[JDee Moore]

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.

[Caleb Heimsoth]

@JDee Moore carry back means he is willing to finance part of it.  First deed of trust mean the sellers note is in first position which means you’ll need all the other cash or the seller finances all of it since no bank will be in second position