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Updated over 16 years ago on . Most recent reply

User Stats

13
Posts
0
Votes
Vivian Benn
  • Real Estate Investor
  • Jersey City
0
Votes |
13
Posts

Multi Family Home is it worth it

Vivian Benn
  • Real Estate Investor
  • Jersey City
Posted

I have found another multi family, 2 units. The house sold in 2005 for 571k the bank is asking 389k. I was just interested to find does this look like a good deal for a long term rental until the market changes. House was built in 2005 and in good condition. Just a little nervous because the rent will just cover the mortgate insurance and taxes I will break even...but if I lose a tenant then I am looking at coming out of my pocket any suggestions?

thank you

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