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Updated over 16 years ago,
I am planning to purchase a Triplex In Camden New Jersey
Hey, Hello people I just had couple of question about purchasing and making some rental income. As I am new to this forum so far I learn so much only in the the few hours that I been in this forum. The question is I am 21 years old I am want to retired by the age of 27- 29. The question is for a beginner is a Triplex is good start plus there are already tenants renting out the place, its turn over key operation and they are selling the house for 155k and I already did all my calculation like the annual income, operation cost, taxes, insurance, mortage, and vacany rate incase I cant find no tenants within 6 months.
I am still looking around and I lucky I save already 10,000 dollars for the deposit and my father said is was going to lend me his credit to this this bussiness venture althought his credit is 662 because they did credit theft will a bank give him a loan and can I but my name in the loan ? 8)