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Updated over 4 years ago,

User Stats

4
Posts
1
Votes
Chase R Roehm
1
Votes |
4
Posts

First time investor seeking advice on an opportunity

Chase R Roehm
Posted

Hello all,

I am looking to be a first time investor in Illinois while living in Iowa. It would be a multi-family home with two units (two bed / one bath, each). For now, the numbers I'm anticipating are as follows:

Purchase price: $80,000

Current rent: $625/each

I'm looking for opinions on if it seems like a reasonable deal or not? How to approach the seller about it in order for both of us to walk away happily?

Thank you all in advance!

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