Want to buy a 4plex.. need advice
Hey guys and gals I have run into a decent multi family opportunity... to make a long story short, they are building new four plexes (its actually 4 townhomes with one tax id#) And i have the opportunity to purchase one($585,000) (146,250/door).
Rents will be $1250/unit $5K/mo. I will owner occupy one unit for a year or so.. i could get enough for 10% down. I only have one year tax returns being self employed... Anyone have any ideas ? I hate to pass this good of an opportunity by because most multi's in my area are from at least 1950 and most are pretty run down. This has a good return, i just have to figure out the financing