New to BP - Evaluating a 8 unit apartment Building
Hello BP,
I joined this week and new to real estate investing - rental is the way I want to go. I found a 8 unit apartment building $400k and have about 40k to use. Learned at the webinar this week that I need 20% down - and will have to take another 40K in equity from my primary residence which makes me nervous. The numbers look good - net 2,000 after applying the 50% rule and then paying mortgage. Should I start small -a duplex, or take the leap with this property. Thanks for your advice!