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Updated over 9 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Jeremy Guarino
  • Investor
  • Las Vegas, NV
3
Votes |
8
Posts

4plex in Tennessee for my retired parents

Jeremy Guarino
  • Investor
  • Las Vegas, NV
Posted

Ok so my parents are both retired and have recently bought a vacation home in Tennessee. They spend a couple weeks every other month at their vacation home and commute back to their primary home in Las Vegas.  Enough back story: They aren't excessively wealth but have money to invest.. I came across a 4 plex a couple miles from their vacation home.. Here's the numbers-

Purchase: 80k after 20% down

4-1 bedroom units renting for $425 mo ea

All units are rented and property is in good condition- also comes on 4.3 acres..

Looking for a down side here.. They would be putting it with a property manager.

Thoughts?

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