Acquiring 19 rental units
I‘m a newbie to REI. I’ve done two flips which I did great with and now I’m looking to get some rentals to start seeing some monthly cashflow. I’ve located some great deals, it seems like to me, but I’d like to get you alls take and advice.
I’ve found three 4-plex properties (all 2/1 units), three duplex properties (all 2/1 units), and a SFR (a 3/2) all from the same wholesaler which I feel confident I can make a package deal with for all properties for $30-35k. That’s less than $2000 a door! They all need work obviously but have good bones. I think I can put $5,000 rehab into each 2/1 and maybe $10-15k into the SFR. These would probably be rented through hud and get $450-525/door gross for the 2/1’s and $700-800 gross for the SFR.
These numbers seem great to me but I’d like to get y’alls thoughts. I’m sure I’m leaving out a lot of pertinent information so feel free to ask questions. Thank y’all!