Do you have 50k that you want to invest in real estate?

[Rich Hupper]

Hello everyone.

I am sure people have done this in the past but I wanted to make sure.

My idea: Find 4 investors who want to invest 50k into a 3 unit multi family in the boston area valued between 100 - 200k. With that 200k I would use it towards the down payment and rehab.

I would live rent free in one unit and become the care taker for the property/investment. I would make sure the units always stay rented and the investors are receiving their monthly checks from the rental income.

Does this make any sense? Would someone consider this a risky investment? What type of return would an investor want to see on his money in 'x' amount of years?

I am dying to move out of my mom's house but refuse to rent! And I cannot afford to buy anything right now. :D

I hope this is post does not offend anyone's intelligence.