Too big for a starter?

[Andrew Kemp]

Hi everyone! I am 24 years old and have a interest in real estate investing! I currently live in a small one building apartment with 18 units. The couple that own the apartment are in there late 70s early 80s. I feel like right now would be a perfect time to throw them an offer. But, i have no idea what the value of the apartment would be. If I was to guess it would be at lest 1.5m Occupancy is about 90% Definitely can use some TLC so there is potential to add value and bump rent. I would say the average rent is 600 a month. Am I trying to go way to big? Also, how should I approach the owner with a deal? Small side note, I don't have any means of putting a 25% down payment. How would I best go about financing something this big? Any advice would be much appreciated!! Thanks!

[Bas Land]

I'm by no means an expert, so I can't give you solid advice on this, but I will be interested in how your deal goes through in the near future! Please keep us updated!

Good luck man!