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Updated over 9 years ago on . Most recent reply

User Stats

38
Posts
4
Votes
Michael Otis
  • Investor
  • Denver, CO
4
Votes |
38
Posts

3 multi family property deal

Michael Otis
  • Investor
  • Denver, CO
Posted

I'm a first time RE investor, looking for my first deal. While looking into one multi family property, the seller said all three of his properties were for sale for $225,000 (17 units). These properties are on the cusp of a sketchy neighborhood and fast moving development which could drive rent/property values up. From doing calculations, these properties cash flow about $2300 a month with room for quite a bump up in rents and I believe I can lower the expenses substantially as well. I'm going to walk through all three properties tomorrow, are there anything I should consider in the larger scheme of this deal or anything I should keep an eye out while doing the walk through or questions I should ask?

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