What's the best way to buy a 3 family home for investment property?
I'm 19yrs old second year in college, I have a income of $ 48,000 a year and I want to purchase a 3 family home for investment property. I have approximately $ 5,000 dollars with a credit card debt and $ 10,000 in savings and I'm living in the state of New Jersey. If not a 3 family, what is the best real estate investment for me at this time?
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Answer by Luv2Answer
None. You are only 19 and have $ 5,000 in debt!!! That's a lot. Pay it off first and build up your savings. In a few years, after you graduate from college, consider this again.
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2013-05-16 Russell Investments Center
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2013-05-16 Russell Investments Center
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