Multi units

[Tim Hall]

I wholesale properties and am finding there is another formula for multi units. Most 'multi-units' I think are really expensive. For example a 4 plex with a monthly income of $2200 a month with a price tag of $220,000 In my opinion is not a good deal. It seems like everywhere I look that is the deal.  100xgross is norm. Even though you aren't going to pay that in a mortgage, you still have to pay for insurance, maintenance, occupancy and turning the place when someone moves out. so you are left with hardly anything. What am I missing?

[Parker Fairfield]

That seems really high.

have you gone on Loopnet and looked?

How to use Loopnet.com BUT NOT pay for their service.

Loopnet has great information, but for the parttime investor, like me, I have found a GOOGLE WORK AROUND that allows me to use their site for free.

When I become rich multimillionaire, I'll subscribe to their astronomical monthly rate... until them, I don't feel bad helping you USE Loopnet for free

1) Goto Loopnet.com and do your search (I prefer the ADVANCED SEARCH)
2) Once you've got the results of your search, identify the property you want to "see" - (Loopnet lets you see a handful for free, then denies you and expects you to pay.)
3) COPY PASTE the street address, city, state of the property. DO NOT CLICK ON THE LINK .... JUST COPY PASTE THE street address, city, state
4) Goto GOOGLE and type in the
4A) "site:Loopnet.com" into the search engine, you will not delete this when doing this LOOPNET work around.
4B) paste in the street address, city, state that you copied.
5) Google it, for example, it'll look like this "site:loopnet.com 46 Main Street, Conway, NH"
6) in Google's search results, click on the link that takes you BACK to Loopnet ....

By doing this, you can review as MANY Loopnet properties as you want - FOR FREE!