Updated almost 7 years ago on . Most recent reply
First Property - HELP
Hello members!
A friend and I are looking to get into the multi family unit for our first purchase, neither one of us have experience but over the past few years we have done a lot of research on pricing, and what is the best return for the amount of money we have on hand.
List Price: 135,000
3 family, 11 beds, 3 baths
Tax: ~5500
Location: Schenectady, NY
Condition : 8/10
The clientele is more low income and it is in a crime raided city but seems to have consistent turnover.
What we want to know for knowledge is what we should look at as we will be first time home owners, we will not be living there, but the 3 units are currently occupied, we do not have the rent roll for the property yet but will be receiving it soon. Thank you in advance for any help or mentoring that is given to this post.
Most Popular Reply
Anytime man… We are all different. You will find 1000 different investing styles and it is crucial for you to come up with what you are comfortable with