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Updated over 6 years ago,
I landed my first deal, now what?
Hi my name is Jen I’m a newbie to real estate investing I’m struggling with getting myself out there and feel intimidated. I fell into a deal, triplex seller finance $310,000 6% over 30 years $20,000 down escrow payment $1572/month. All units need updating and empty right now my question is what now? What are some options for raising the funds to finish out the property? It’s a rural river front property and main highway exposure is Airbnb a good option? What are some other ideas for income? In my area long term renters will just make the payment and overhead. Should I refinance and pull as much out as possible for my next deal? Help