Updated over 10 years ago on . Most recent reply
Unsure in Phoenix
Hello Everyone,
First time post and first time investor...
I'm in the market for a triplex or quad in Phoenix, Mesa, Scottsdale, etc. Lets list the concerns at this time.
1. I can't find a unit that will cash flow at 50% or fits the 2% rule
2. GRM shows units overpriced.
3. All the units are on one master meter.
I'll time of 50 more once I hit post.
I've worked the last 4 years to get to here and now I'm unsure of everything.
What I do have:
Down Payment. Check.
Financing. Check. One lenders says 25% and another says 20%.???
PodCasts. Check.
Books. Check.
Background this will be an investment property as I have a primary, buy and hold, refi, buy again.
Anyone else at this same point?