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This looks like a great opportunity. I would like to get some feedback on anything I might be missing. There are 2 - 4plexes being sold by the same owner. Thinking I could negotiate a little better price or check on seller 2nd for the purchase with both. I will be posting the second shortly. I just sold a property and have the money in a 1031 exchange so will need to move pretty quickly on this. Thanks in advance for your thoughts.
@Mark Collins Many of my comments from your other post are applicable here as well. However, a 4-plex cash flowing at $285 per month is not worth it, to me. The COC ROI is too low and so is the cap rate. See if your numbers change at all based on my other comments, but if not, I'd personally pass on this one and consider the other one more.
@Robert Leonard, thanks will take a look at it based on your other posting, great detail. Thanks for helping me as I get started with these. Figure those with more experience can help me avoid some pitfalls.