Updated over 9 years ago on . Most recent reply
2 properties(houses) on one parcel lot
Has anyone had any experience with buying a property that had 2 houses on the same parcel lot? Any problems with the bank financing bc of appraisal problems? What are the advantages and disadvantages to these? I am going to look at such a property on Monday that can be a potential great deal with a lot of cash flow ($around 700 a month), and great cash on cash return (50%), cap rate 15.6%, NOI of $915/month. I'm just leery of this type of property for future sell off or cash out refinance to roll into another deal.