Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
About to pull the trigger on my first deal! What do you think?
So here we go.. I am about to begin the financing on my first rental property. My brother and I will be partners. He is autistic and we will go in this together to begin our BRRRR adventure. I wanted to do this with him to help him financially and he has a love for this type of investment. We have done more studying than I can fathom.
Here is the deal:
4 units in one building
-2 efficiency apartments upstairs
-2 one bedroom apartments downstairs
Currently she is renting the 2 upstairs for $450 including utilities and the 2 downstairs for $550.
-has gas heat and electric appliances.
She is asking $80,000.
Good foundation
Good roof
Completely renovated in 2008.
Thoughts? Opinions?