Looking for Multi-Family brokers...

[JC Smith]

Hello again BP,

I am looking for some seasoned Multi Family broker/agents to assist in locating me some solid investment properties.

I have about 35k working capital, and was preferring to either

A) Purchase 25% down multi-family properties in Las Vegas or other high ROI areas.

B) Purchase 3.5% FHA Southern California property and live in one and rent the other

Let me know if you guys could recommend anyone!

Thanks again,

J.C. Smith

JCTWO Revenue LLC.

[Troy Fisher]

Thanks for the mention Phil!

With 35k to put down lets just exclude closing costs non-ooc are going to be 25% down you can buy $140,000k 4-plex. In Vegas you are not going to get something that is going to be in a good neighborhood that most property managers are going to want to deal with.

Mine that I had listed for 145 had 2 break-in last month where they took all of my appliances! Argh!

Now on the other hand 3.5% down on a 4plex in So Cal in a good area can be great. Here's just an example in San Fran 2bedrooms rent for 2100/mo! x4 units x 12 months 108,000. The 50% rule doesn't apply so you are going to have a higher cash flow because you aren't going to be spending 4200/mo in expenses!

35,000 x 20 (5% down) means if you could find something with rents between 1,600 and 2,000/rent you could be very happy with a 700k purchase price.