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Updated over 5 years ago,

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Joel De Witt
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Looking for first time rental property

Joel De Witt
Posted

I am wanting to finally start my investment career in real estate. I don’t have the money to make a down but I do qualify for a loan. Found a multi family listed at 280K 

Both units have tenants and pay $995Month. After doing a little research in the area it seems I could raid the rent to $1400 for each unit. 

Without any knowledge of the condition, do the numbers make any sense? Should I try and pursue this opportunity? I would also have to pay for a property mgmt because it’s in a different city. 

Thank you 

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