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Updated almost 10 years ago on . Most recent reply

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Carlos Velasquez
  • Investor
  • Suffield, CT
25
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94
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I am in the process of purchasing my first buy and hold multifamily

Carlos Velasquez
  • Investor
  • Suffield, CT
Posted

I am making sure I do not make a mistake because this is my first buy and hold. It is a 3 family with a seven car garage (which I could eventually turn into an extra apartment) it is currently being sold for 220K and it is producing 3,000 a month. The propeerty it's also located in a nice area. BP community, do you think this is a good deal?

Most Popular Reply

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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,295
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4,456
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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Replied

LOL That's like saying - I'm thinking about buying a new car; it's silver - do you think it's good...?

I would think we need a few more pieces of information to begin to make a call on this...

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