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Updated over 8 years ago,
Good Deal, New Investor. HELP
Hello,
Im from Poughkeepsie, NY, 1.5hr outside of NYC. I've recently began educating myself on RE about 3 weeks ago. Listening to Podcast and Reading books. Somehow I stumbled on a property that just got listed.
It is: 12 beds, 2 baths, 2,640 sq ft, 8,276 sq ft lot
The asking price is 69,900. The home is in pretty good condition. Apartments rent on average for around 1,500 in the area.
I would love to possible whole sale this property or keep it as a possible rental. What can be my next steps? I am a recent college grad with little funds saved up. Do I just walk away and wait until I'm ready or can I structure a deal that allows me to profit.