Updated almost 12 years ago on . Most recent reply
2nd investment question
My wife and I are about to close on our first rental in a couple of weeks. A second opportunity is in the works quickly and I wanted to get your advice. I have a 4-plex listed at $242k. Gross annual income is $38,400. Taxes are about $5k/yr. What other info would you want to know before going to look at the property or are the numbers good enough to just tie it up in a contract before it is gone? (This would be my first multi-plex, so advice on that would be helpful too!) Thank you for your help!