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Updated over 8 years ago on . Most recent reply

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Nelson S.
  • Orlando, FL
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Extremely New And Need Advice On This Multi Family Deal | PLEASE

Nelson S.
  • Orlando, FL
Posted

Hello...Im new to the website...But a friend of mines told me this would be the place to find legit investors interested in investing in Real estate...So here it is...I found a multi family property with 16 units in a high demand neighborhood close to beautiful downtown orlando...Its 100% occupied and rent is $1,159 a month... they are asking $2,320,000 but that might be negotiable...Now I did the math and the property would make $17,600...Minus taxes,mortgage,and manager salary...you would end up with $6000-$7000 of cash flow...Thats if i get a good deal on the investement capital which would be paid back in 30yrs with $200,000 added to the initial price of the property...Now im extremely new to all this..and was looking for any insight on how I can execute this deal?..any suggestions?...

Thanks In Advance!

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