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Updated about 4 years ago on . Most recent reply

Chuck Gross's profile image
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Chuck Gross
  • Member since Dec 28, 2020
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Chuck Gross's profile image
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Chuck Gross
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Chuck Gross
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Starting Out

Advice Needed - Initial Real Estate Plan

Chuck Gross
Posted

As a newbie on bigger pockets, I would love some advice as to my real estate plan. My idea is to target a multi-family unit/apartment near a college town for a rental investment property. I have $40,000 to put down and I am looking for a cash flow of $250/month. After some research, Arizona is looking like my first choice (either around Phoenix or Tempe) and my purchase price will likely be $200,000. Is this a realistic plan? 

Thanks,

Charlie

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