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Updated almost 8 years ago,
Newbie Investor Needs Help!
Alright Guys , Im a 22 year old new investor with 0 properties . I have read real estate books and listening to the podcasts so I do have a minimum viable knowledge base. I am comfortable with my ability to do numbers as well. So with about 5k in my pockets and shoddy credit I started looking for my first house hack deal. I knew that with my credit and the amount of cash I had that my first deal would need to be done using creative finance. Well I found a potential deal. I spoke with the owner of the property and he is going to show me the property on Saturday AND he is open to a creative finance offer.
The problem? I don't really know what I am looking at or what to look for (physical) when I view the actual property . The property is a fully leased duplex here in the atlanta area 10 min away from georgia tech. As far as the numbers goes I cant say for sure what exactly what they are at this moment because i won't get the exact financials until Saturday but I'll update with the numbers then!
So what should i look for in the actual property when i view it!? Also i should add that I am a bit frightened because when I started looking for deals I did not think I would actually find one but I did! and also I feel like everything I read and listened to just went out the window ! Im really in it now!
Thanks for all the advice and tips in advance guys!