Hello

Under contract to buy a portfolio of 33 duplexes (65 units) in a low-income area of my city. The Sellers have owned it for 20+ years, it comes with a couple of resident Supers, there's room for rents to increase, and these houses could be sold to retail SFR buyers once everything's fixed up.

Upside aside, the portfolio appears to cashflow negatively once interest and capex (lots of deferred maintenance) are factored in, and I’m looking for someone with a seasoned to look at my numbers.

Input from any BP members with relevant experience is welcome.

Thank you,

Andrew