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Updated over 7 years ago,

User Stats

19
Posts
2
Votes
Joshua Buchanan
  • Evansville, IN
2
Votes |
19
Posts

Help and advice with my first deal

Joshua Buchanan
  • Evansville, IN
Posted

hello everyone! Im looking for some good advice on my first investment. I have been studying real estate investing and my market for almost a year now and im very excited to make my first move. I found a triplex in my market of evansville indiana and its worth 125k. Im looking to make an offer at 70k. It would cash flow about 500 if i manage it and return on investment would be 25.64 percent. The place in nice woth no repaires needed. Only concerns is that tenants take their own trash to dump and all houses around are nice except house next door is like a junkyard. Also its about a 45 to 50 minute drive from my house. Anyone have some advice on this? Am i over reacting? Th

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