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Updated over 7 years ago on . Most recent reply

Multi family property
What would you do?
6 bldgs
19 units
1st bldg ------ 8 2br units
2nd bldg ------- 4 2br units
3,4,5 bldg ------- duplexes 2br/2ba
6 bldg ------- SFH 3br/1ba
Fully occupied
$8,600 monthly rent average.
In the neighborhood/state used to live in. So you familiar with the area. How would you 💯 % finance this ?
They want $630,000 for everything.
No experience no property manager.
Most Popular Reply

With no experience it will be extremely difficult to find someone to loan you $630,000 without you bringing something to the table. I'll turn the tables on you. If you had $630,000 to invest, would you give it to someone with no experience and no financial ties to the property?