Updated 10 months ago on . Most recent reply
Thinking about buying this Multi in Pueblo
I would pay cash, the cap rate is 8.2%. rent is $2650 a month purchase price is 295K. What am I missing? it sounds too good to be true. May be looking for partners or someone to buy the property.
Most Popular Reply
Bill B.
#3 1031 Exchanges Contributor
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
Make sure your taxes will be $400. They may be under a cap, they may be discounted for an owner occupant, etc etc. NV is one of the cheapest states in the country for property taxes but a $250k property would be facing about a $1,200 tax bill.
There’s a reason the seller is selling, what is it?