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Updated over 3 years ago on . Most recent reply

User Stats

12
Posts
5
Votes
Justin Pera
  • Investor
  • Tampa, FL
5
Votes |
12
Posts

How can I make this deal happen?

Justin Pera
  • Investor
  • Tampa, FL
Posted

I’m looking at a 4 unit townhome in Tampa, Fl. Total cost is 800-900k. My income is 110-150 a year. Downpayment 50k. 

How does projected rent work into a mortgage loan for a property like this? I would live in one and rent the other 3. 

I believe the other 3 units can rent for up to 2,400 each.

Is this deal attainable with my current situation or am I in over my head. 

Thanks in advance, 

Most Popular Reply

User Stats

10
Posts
3
Votes
Kyle Launius
  • Property Manager
  • Saint Petersburg, FL
3
Votes |
10
Posts
Kyle Launius
  • Property Manager
  • Saint Petersburg, FL
Replied

Justin,

I am a property manager in Tampa.  I could help you with projected rents if you can give me more information on the units.  As far as being in over your head, have you tried using the Bigger Pockets rental calculator?  I can walk you through it if you'd like. 

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