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All Forum Posts by: John Kunkle

John Kunkle has started 2 posts and replied 3 times.

Post: 1/1 bed/bath Fourplex w/ no laundry worth investing?

John KunklePosted
  • Nuclear Engineering
  • Charlotte, NC
  • Posts 3
  • Votes 0

There's one long term tenant at the moment and the other three units are vacant.  Tax value is 121K.  I'm financing with interest rate at 3.8.  Only utility I'd be responsible for is water

Post: 1/1 bed/bath Fourplex w/ no laundry worth investing?

John KunklePosted
  • Nuclear Engineering
  • Charlotte, NC
  • Posts 3
  • Votes 0

Hey everyone so I'm a first time investor looking into multifamily properties in Charlotte, NC.  Basically I'm looking at a fourplex for 125K.  It says it has upgraded plumbing, water heaters, and electrical.  My concern is that each unit is only 1 bed/1 bath and the property has no laundry.  Is that a deal breaker? 

Post: New Member from Charlotte, NC

John KunklePosted
  • Nuclear Engineering
  • Charlotte, NC
  • Posts 3
  • Votes 0

Found this site while looking up information on multifamily properties and have really enjoyed the discussions on here.  I'm looking to make my first investment, most likely in a multifamily property, and plan to grow my portfolio from there.  I'm currently 25 years old and working in the nuclear industry in Charlotte, NC.  My father was a general contractor so I grew up building houses but have little to no experience in the buying/renting side.