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Updated about 7 years ago, 12/28/2017
Thinking About First Rental Purchase
Hello! My name is Jesse, I’m new to everything real estate, been listening to the podcast for a few months now and I’ve found a rental property I’m interested in. It is a duplex for sale at $185,000 , two 700 sq ft units, they currently rent for $650 and $850. Home built in 1915, has carport/storage outside for one tenant.
My fiancé and I are looking for some cash flow. How do I move forward and what should I be paying attention to? Also I have a VA loan to use. Not sure if this place qualifies for it though.
Thanks!