Hi everyone! I have an opportunity to buy a 4pkex, duplex, single family, and mobile home. Asking price is $450k cash for everything. All units are rented out and have never been vacant. Cash flow is $4000/month. It’s in a very small town with not a tone of potential growth. The heat map on PropStream shows it in the yellow so about medium growth. I am wondering if this is a smart investment? Is it smart to put all cash in or is there a way to use some hard money? This would be my first start investing. So it is a little scary. I would be grateful for any opinions end advice anyone can offer.
Going to need a commercial loan to buy as a package unless you and the seller want to transact each separately. You may find some hard money willing to loan on the deal if you do some fishing.