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Updated over 8 years ago,
2 Unit Multifamily property
Hello BPF,
I have located a 2 Unit multifamily property in Baltimore City and would like to know how do I work the figures to ensure that it is cash flow acceptable? The property is currently occupied by two tenants, it has 2br 1 ba in each of the units and the mortgage is $371/mo, the asking price is $74,900. From looking at the pic it can use some cosmetic work. The information sheet states it's turnkey ready. Is their a way that I can calculate the rent for each unit? And also, how do I obtain funding from a private investor?
Thanks in advance for your help,
LaRaye