First property

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First property

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Multi-Family

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Hey gang,

Wanted to run this by you all.

Property $380,000 4 plex- all 2 bed 2 bath

2 currently leased @ $950/mo the other 2 are currently airbnb platform.

Loan looking like a 20% down with a 7.2% interest

I have 85k in saving and 50k in CD

55 k between stock retirement

Hoping to transition to a furnished rental in the future. This will be my first property purchase. What should I look out for? Does this all make sense? What am I missing that I need to look out for. This is a deal in Texas close to a university. Properties in the area do not have furnished rental properties unless they’re a huge complex (coliving)

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Profile updated: 3 days ago

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RGV17

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r/realestateinvesting

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Posted: 4 months ago
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