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Updated over 8 years ago,
Multi-Family Buildings
I'm trying to understand the numbers on a 5 family building. Asking $450,000 with annual revenue of about $45,000. Annual Expenses before debt service are about $14,000. Considering leveraging a property for the 20% down payment but not liking the numbers. Seems like too little return considering the loan amounts involved. Any guidance would be greatly appreciated!