Updated almost 9 years ago on . Most recent reply
4 Plex 1 hour away from my home
well, just seeing what you guys thing about this deal.
4 plex Currently being leased
2 units are 2/1 s $800
2 units are 1/1 sn $600
Sales Price is at 187,000
all tenants are month to month
The current owner is elderly and getting out of the rental game. She does not have records and has not had leases on the units.
The property is about an hour and 15 min away from my home in a smaller town in Texas. As i look at these basic numbers i see that it has the possibility of cash flowing after 50% expenses. Just wondering if anyone has any experience of their rentals being out of their home market. I only work about 20 hours a week so i have time, when needed, to manage the building.
I will be looking at the property this week and scheduling an inspection so will have some more info soon.