Updated over 8 years ago on . Most recent reply
6-plex, first commercial deal
6-plex in south St Louis city, 63111. Locked it up for 142k. All one beds, fully occupied, 3k gross rent. New roof, new windows, 4 of 6 units updated. Well maintained. I own 11 units in the area, this would be my first commercial. Down payment would be a stretch for me... Not sure if I should do it now because the commercial game is so much different: bigger down payments, exit strategy unclear, refinances not fixed, inspections more expensive, etc. Perhaps I should just wholesale it... my first post, any feedback?