First multi unit/commercial

[John Matthew Johnston]

I’ve only purchased single-family rentals, I want to scale faster so I am looking into multi units. A four unit residential/commercial storefront is available for purchase. I’m sure I’m making this harder than it should be but how do you analyze a deal when it comes to multi unit? The units are already rented for 600, 600, 600, 550. The commercial property was renting for $800 a month but is now vacant. The Property will sell at auction in one month. I have time to analyze the deal before I purchase. The apartments are in good shape and recently renovated , the area is a B,C neighborhood. The reserve I believe is around 140,000-160,000. I also wouldn’t need to finance at least part of it. Since there is a commercial storefront does that change Ability to get financing?

[Greg Scully]

@John Matthew Johnston - Yes I am.