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Updated almost 3 years ago on . Most recent reply

User Stats

34
Posts
11
Votes
Andrew Gomez
  • Rental Property Investor
11
Votes |
34
Posts

New Construction Fourplex Deal Analyzation

Andrew Gomez
  • Rental Property Investor
Posted

Hello, 

I am wondering if I have the correct mindset when it comes to this new build property in San Antonio Texas. 

I am planning to buy my first investment property which is a Fourplex in Windcrest Texas just inside of San antonio. The price of this property is about $860,000 reference is below. 
I plan on Renting out all 4 units which will gross around the $6,000 mark. 
In total my costs should range about $5500 and I may be able to raise the rent over time. 

I am doing this passively as i own a different company which takes the span of all my time. 

Would this be the correct mindset and is there anything i should watch out for when it comes to this multifamily deal? 

Thank you, 

https://www.redfin.com/TX/San-...

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