Analyzing a Hot Deal:

[Crystal Place]

Hey there,

I am very interested in a multi-family property in an up and coming city in the south, however I am not allowed to share the exact location.

I've spent the whole day trying to run the numbers, and I feel like I'm making some giant mistake, because cash flow keeps coming out in the red.

I'm hoping to use hard money then re-fi (or less likely, attempt to get a mortgage for 3.5% down).

Let's say I'd like to get this property for $280k and the rents are $550. with 6 units. Is there any member that is very experienced with using the rental unit calculators who might be willing to assist in analyzing this deal?

I want to make *sure* I'm following all of the rules of what is allowed on here, and am NOT seeking a mentor, just help from the community to analyze this deal. 

I've just hit a wall here trying to use the BP calculators, and I need some help to keep moving forward. I recently joined Pro hoping to learn from this community, most of whom are more experienced than me, and I thank you in advance for any advice or assistance anyone might have to offer.

With gratitude,

Crystal