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Updated about 9 years ago on . Most recent reply

User Stats

6
Posts
5
Votes
Matt Jordan
  • Saint Charles, IL
5
Votes |
6
Posts

Looking to buy my first rental property, think I found it.

Matt Jordan
  • Saint Charles, IL
Posted

Hello,

I'm 26 and have been interested in getting into real estate and not sure how I wanted to enter; buy/flip, buy/rent, wholesale etc. I recently found a townhouse with no HOA fees, priced at $69,900 for 3 bedrooms 1 bath. I am looking to get around $1100 - $1300 in rent. I am not sure the best way to maximize my value on this would be. 20% down and get a 30 year mortgage or do 3.5% down with PMI or try to get a couple investors to buy the place all cash. Any advice would be greatly appreciated.

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