I have the opportunity to buy 4 rental properties

1 Reply

I have the opportunity to buy 4 rental properties, all of which have currently have renters. The property owner said he is grossing $3,600.00 per month between all 4 properties. This is my first venture into any type of property investment and would love some guidance on the matter. Thank you.

@Dylan Patterson Welcome to BP and good for you to start digging in. Here on BP people are happy to provide guidance and suggestions but you have not included close to enough information to be able to weigh in on this particular deal. things to include in your posts are but not limited to. 

1. Your Goal (do you plan to buy and hold, Flip, wholesale, etc.)

2.Property description and location (region of the county, address probably not needed)

3.Purchase price

4.ARV (After Repair Value)

5.Rental rates (current and future potential based on market)

6.Expenses

7.Buying cash or with leverage (loan)

Once you provide these kinds of details people with experience can usually give you an opinion pretty quickly. Your other option is to go to the BP calculators and plug in the numbers and get a nice print out of what the deal looks like. you can do 5 for free I think and then you will need to upgrade your account. 

Otherwise ask specific questions on here and you will get an answer. If you ask vague broad questions you might get a response telling you to google it or search this site since there is a ton of general information about investing on this site and the internet. 

Good Luck!

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