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Updated over 9 years ago on . Most recent reply

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54
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Ethan Bruland
  • Investor
  • H, NE
17
Votes |
54
Posts

4 Plex

Ethan Bruland
  • Investor
  • H, NE
Posted

Hi, All.  I've been looking for a multifamily property, and finally came across one that seems to work.  All 4 units are rented for a total income of $2,235($26,820/year), with overall expenses of $7,630.  So Net Income is right at $19,000 without accounting for interest.  I plan to cut back on expenses as I will begin to mow and clean the hallways myself.  I'm wondering what kind of return one looks for on mutli family.  This property has a rough cap rate of 8.75, which is decent. 

With some minor improvements, and eliminating expenese, I don't see why I can't get the cap rate above 9 or maybe even to 10.  Any suggestions or input would be great! Thanks!


Ethan

Most Popular Reply

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3,930
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3,342
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Max T.
  • Investor
  • Philadelphia, PA
3,342
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3,930
Posts
Max T.
  • Investor
  • Philadelphia, PA
Replied

This is awesome. Even better would be if @Brandon Turner and @Joshua Dorkin were to invite @Account Closed and @Account Closed on to a podcast to hash this out. Better yet - let's settle this once and for all. Give them some gloves and headgear and setup the camera! 

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