Starting Out
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago on . Most recent reply

Ready for first investment
I am searching for my first investment property. Has anyone’s first property been a multifamily property? There are 2 fourplex buildings that are for sale but asking above market value on each of them. One is valued at $183k asking $215k and the other is valued at $215k asking $255k. They are in great condition and in B class neighborhoods. As a first time invester would this be too much to take on even if I could get both properties for under market value? How could I get both properties? I don’t have a huge cash reserve, ($15k). But I don’t have any debt other than my mortgage which is a $100k mortgage on a 15 year fixed. I make $100k a year at my full time job. Any advice?