Anyone on here interested in Multiple Multi-Family properties in South Louisiana??
I actually got these properties from referrals :-) KEEP NETWORKING!
It's 3 fourplexes with only one door vacant in Building 2. Building 1 generates $2475/month $29,700/yr. Building 2 (one vacancy) generates $1450/month $17,400/yr. Building 3 generates $2350/month $28,200/yr.
For each building:
Taxes + Insurance $2792/yr
H2O $900/yr
Trash $400/yr
You guys feel free to pitch any advice on how to go about this deal. I haven't been able to find any comps from the free sites I use, so I'll be reaching out to an agent for comps. I've been wholesaling all of my deals, I'd like to keep at least one of these for my first hold. If you all have any advice on what buy and hold multi-family investors look for in return percentages that would be greatly appreciated too!