Updated almost 8 years ago on . Most recent reply
Hopefully getting my first rental early 2018.
So I found a four unit apartment building for sale nearby that I really want but I think the asking price is way too high. I’m in Radcliff KY and I found this apartment building on Zillow. The asking price is 275k but looking more on the website there was an identical building a block over that recently sold for 170k (at least that’s what Zillow says in the recently sold section). How accurate is that recently sold section of their app? If it’s accurate I’d have to give a starting offer of about half of what they’re asking to make a decent cash flow. Oh yeah, average rent in the immediate area is $650 for them.
Most Popular Reply
DO IT! Make sure you do a LOT of research. Rank properties, do a proper analysis on it (Use the BP calculators)...THEN DO IT ALL AGAIN... RI is a process as much as a goal and it is much better to learn and make mistakes on paper and in here than with your finances!