Advice for my first deal
10 unit, 1bd/1bath studios.
Rents @600 each.
Asking 150k but the caveat is the owner pays all utilities.
What are your thoughts on this scenario for a first deal?
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Need more information but my first thought is that the price is crazy low. Obviously it depends on the location but I can't think of a city in the US where you'd be able to get that kind of price and the building not be completely dilapidated.
Would definitely like to hear more though.