Looking for first time rental property

[Joel De Witt]

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 

[Becky Rodriguez]

Hi @Joel De Witt  I agree with @Mike McCarthy you need a  cash reserve or access to it for things like a down or a reno job. You especially want to have "boots on the ground" if you're too far to check in on the property yourself. But with all that being said. Congratulations on taking action, may I recommend a great read for newbies. 'The book on investing in Real Estate with No (and Low) Money Down:... -Brandon Turner Great tips, helped me a lot. 

Good luck!