Am I missing something ...

[Mark Erickson]

Hey Everybody. I’m looking to purchase my first investment property soon. Finally saved enough to do so. The area that I am targeting is primarily student housing right near a university. The thing is. It seems too good to be true (which usually means it is... right?) I’m seeing 1-2% rule applied pretty easily (some approaching 3%). For example, just went and saw a 2 unit place. Listed for 129... would rent as is, but needs some work, for at least 2100$. Others in the area are similar... some turn key...wIth room to expand... any advice for a newbie? I don’t want to let my cold feet as a fIrst tIme buyer prevent me from jumping In What am I missing.