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Updated over 6 years ago,

User Stats

71
Posts
48
Votes
JDee Moore
  • Specialist
  • Tulare, CA
48
Votes |
71
Posts

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

JDee Moore
  • Specialist
  • Tulare, CA
Posted

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.

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