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Updated almost 3 years ago on . Most recent reply

Phil Dimauro's profile image
Phil Dimauro's profile image
Phil Dimauro
  • from Cherry Hill, NJ
  • Member since Dec 29, 2021

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Phil Dimauro's profile image
Phil Dimauro's profile image
Phil Dimauro
  • from Cherry Hill, NJ
  • Member since Dec 29, 2021
Phil Dimauro
  • Cherry Hill, NJ
1
Votes |
12
Posts
Real Estate Deal Analysis & Advice

Quad Unit In New Jersey

Phil Dimauro
  • Cherry Hill, NJ
Posted

I Found a Quad unit 399K in NJ where I live. The current rents are roughly 1,200$ Per unit. The interest rates are very high right now and the purchase price is high as well. Do you think this is a reasonable deal to approach?

Newark, New Jersey
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Ibrahim Hughes's profile image
Ibrahim Hughes's profile image
Ibrahim Hughes
  • Real Estate Consultant
  • from Bloomfield, NJ
  • Member since Apr 29, 2010

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Ibrahim Hughes's profile image
Ibrahim Hughes's profile image
Ibrahim Hughes
  • Real Estate Consultant
  • from Bloomfield, NJ
  • Member since Apr 29, 2010
Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
1,044
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2,084
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Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
Replied

First thing that really comes to mind to me is the true status of the tenants.

Are they current?

Will the bank statements verify that?

Are there or have there been any eviction filings on any of the tenants? If so how many?

And I'm not sure if you mentioned it but who's paying the utilities?

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