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Updated over 10 years ago on . Most recent reply

User Stats

59
Posts
8
Votes
Michael S.
  • Rental Property Investor
  • Richfield Springs, NY
8
Votes |
59
Posts

18 unit going under contract this week looks like a winner

Michael S.
  • Rental Property Investor
  • Richfield Springs, NY
Posted

I'm new and have been doing a lot of reading on here. I think I have found a good investment. Numbers are $118,000 a year. $41,000 in expenses. Purchase price $400,000. $100,000 down and 5% at 10 years. Seller financing. This is my 2nd property I currently own a duplex and this is my first venture into commercial. Any advice would be greatly appercited 

  • Michael S.
  • Most Popular Reply

    User Stats

    71
    Posts
    27
    Votes
    Seth Wilson
    • Specialist
    • Kansas City, MO
    27
    Votes |
    71
    Posts
    Seth Wilson
    • Specialist
    • Kansas City, MO
    Replied

    Why is it so cheap?

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