6 Unit Apartment Building
To start off, I have never invested in multi family before. I own 1 investment SFH that has worked very well for me. After listening to Grant Cardone, I am trying to think BIGGER. I have been doing some research and I found this 6 unit for sale. What I really like about this property is its only 1 year old. Everything is basically brand new. See attached Rent Roll below. I like the area/neighborhood its in. Also, the rents can certainly be increased by 50-100, I found many comps in the 1,300 range. The ones that are 1200 good easily be raised to at least 1,250
With all that being said, I dont have 200k for a down payments. I have about 75k. So that leaves me with 2 questions,
1. Does this look like a good “deal”
2. If yes, how should I go about getting the rest of the down payment money.