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Updated almost 5 years ago,
New investor first buy
Hi I’m a new investor with plans to start full force in less than 3 years.
I found a condo with an active tenant that’s been there for three years and no plans to move. The property is in good condition. There asking $85,000 and rent is $825 a month.
I don’t quite have the 20% down but I was thinking about asking if they would consider owner financing. I would let this be my first property and continue to become debt free within the next 3 years and use this as a learning and jump into investment and own/hold.
Any advice and information would be great.
This is the west of Atlanta Ga. area.