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Updated over 3 years ago on . Most recent reply

User Stats

18
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7
Votes

First investment property

Adam J Goodsite
Posted

So finally got my first property. It's a 3 bed 1 bath little over 1000sqft . Got it under a land contract rn. It's kinda complicated rn cause I have family living in it that wasn't paying before I got it and is most likely not going to pay now. Sense its family I was made to promise to wait to kick them out till spring because the have kids and they dont want them in the cold with nowhere to go. My plan was to brrr it. I'm paying 21k for it and 3/1s around the area have sold around 90k to 145k. Needs rehabbed . I'm planning on having it paid off before there out then doing the rehab. Anyone have any advice on what I should do. It's a very complicated situation with it being my first property/ horrible tenants/dealing with family.

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