Updated over 10 years ago on .
First time buyer
Hi
Thi is Jay. I am looking for some multifamily properties first time. I do not have any exxperenced in MF properties or as a investor. But I love real estate bussiness. Actually I am doing full time job as a Physical Therapist and like to invest in real estate to make some extra money and invest safer side. I have some properties detail here, please advised me which one is better over other and why? and howmuch should I offer?
Property 1 :
Listed for $140,000 m Sq ft : 3520 year renovated 1995, 2 story, area B-, 4 unit,
Unit 1 rent : 465, Unit 2 rent: 500, unit 3 rent : 525, Unit 4 rent : 400, for sale for 250 days plus
Property 2:
listed for 110,000, Area C grade, 3 Unit, 2 bed 1 BR, 2160 sq ft, year built 1965, Unit 1 rent : 555, Unit 2 rent : 420 Unit 3 rent : 370 newly listed
Property 3:
Listed for 152,000 Duplex, 2 BR 2 Bath, 2464 sq ft year built 1980, Unit 1 & 2 rent for $775 x 2 = $1550 listed for 225 days
I can afford to pay down payment 20% and able to get loan from a bank too. I would be thankful if somebody can boost my confidence. Please let me know if you need any further information
Thanks a lot
Jay Rajani



