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214
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Niyi Adewole
  • Real Estate Agent
  • Atlanta GA & Orlando, FL
101
Votes |
214
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Newbie with a 12 unit under contract.. Is this a deal?

Niyi Adewole
  • Real Estate Agent
  • Atlanta GA & Orlando, FL
Posted

Good Evening Bigger Pockets Family, 

My name is Niyi and compared to many of you i am a new investor. I purchased my first property in December of 2016 via a househack and i now have a 12 unit deal under contract!! Below is the information i have acquired thus far and a link to the bigger pockets analysis that i ran:

All Units are currently being rented to Section 8. I was told this is not a mandate, the current owner just prefers subsidized housing. This is a 3 property deal with each property housing 4 1 bedroom units.

https://www.biggerpockets.com/calculators/shared/346991/70130df3-b540-44b9-9d98-0add24e38f35

AM i missing something or is this a deal? Any and all help is welcome. 

Most Popular Reply

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7,695
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,862
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7,695
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied

Are you buying these on 3 separate loans? Because a commercial lender isn’t going to do 30 year fixed financing.

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