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Updated almost 3 years ago,

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6
Posts
1
Votes
Jennifer Velazquez
  • Chicagoland Northwest suburbs
1
Votes |
6
Posts

Purchasing a 4 unit review

Jennifer Velazquez
  • Chicagoland Northwest suburbs
Posted

Good morning-I'm new to bigger pockets forum, I'm been listening for a few months. I have three doors and am looking at a deal right now for a turn key four unit. It's in what I believe would be a C area and all 4 units are section 8 at 1000k each. They are asking 340k which is over the market. I'm considering putting in an offer around 250 up to 270. Operating-is 5k taxes and 3600 in gas, water & refuge. I would use a DSR loan with 20%down. I know this isn't-a BRRR but the cash flow is good. I'd appreciate any insight pros and cons.-thanks in advance

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