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Multi-Family and Apartment Investing

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Tou V.
  • Stockton, CA
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93
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Northern Cali - 12 unit for 600k?

Tou V.
  • Stockton, CA
Posted Apr 23 2014, 11:09

I'm fairly new to RE investing. Have been looking for MF properties for almost a year now. There just doesn't seem to be any within 200-300 miles which would seem like good investments. I've tried the 50% or 2% rule and there's really nothing around. Here is a scenario, let me know if it makes sense? I'm in Northern California.

Sales price = $600k for 12 units. Would put 30% down.

Monthly total rent = $8160

The seller has low expenses and I've seen the actual number, but doesn't mean future expenses will be the same.

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