Sold as a Package - 4 Homes in Detroit

[Taylor Johnson]

I am looking to get my first rental property as an investor. On MLS, I came across a package deal for four homes.

Home 1 - $60k, $934 taxes, currently renting for $800

Home 2 - $55k, $2090 taxes, currently renting for $700

Home 3 - $65k, $1613 taxes, currently renting for $750

Home 4 - $25k, shares parcel of land with Home 3 so I'm sure taxes are included with it, currently renting for $250

Totaling $205k, $4637 taxes, $2500 in rent

This package can be bought in cash or with conventional loan. Does anyone have experience with purchasing packaged deals? And from your experience, what were the pros and cons?