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Updated about 7 years ago on . Most recent reply

Andrew Lang's profile image
Andrew Lang's profile image
Andrew Lang
  • from Garden City, Michigan
  • Member since Oct 19, 2017
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Andrew Lang's profile image
Andrew Lang's profile image
Andrew Lang
  • from Garden City, Michigan
  • Member since Oct 19, 2017
Connect
Andrew Lang
  • Garden City, MI
1
Votes |
10
Posts
Buying & Selling Real Estate

should a newbie buy a multi family as there first property

Andrew Lang
  • Garden City, MI
Posted

I have found a 8 unit apartment in my area . the asking price is $310,000 all units are currently rented for 600.

the expenses in this property are $17678. The NOI is stated to be $40822.

This sounds like a good deal but as a newbie I'm not sure and if so How to proceed.

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