Multi-Family and Apartment Investing

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Renato T reyes
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Question for multi family investors about buying overpriced

Renato T reyes
Posted Jan 25 2022, 06:34

I am currently looking  at a 4 plex the units are all 3br1ba units. They all rent out for 1500 a month 3/4 are rented out. This is also near a university and has been remodeled with a new roof. The current listing is for 400,000. I did my due diligence and the rental rates check out. My issue is when I look for comparables and tax information this listing is surely overpriced. 

My question is will I have trouble getting financing if this property is overpriced?  Do I overlook the property being overpriced if it cash flows that well?

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