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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateWhat kind of numbers do i need to buy a 4 plex?
Charles Kiser's profile image
Charles Kiser's profile image
Charles Kiser
  • from Lexington, Kentucky
  • Member since Jan 25, 2018
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Charles Kiser's profile image
Charles Kiser's profile image
Charles Kiser
  • from Lexington, Kentucky
  • Member since Jan 25, 2018
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Charles Kiser
  • Lexington, KY
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11
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Buying & Selling Real Estate

What kind of numbers do i need to buy a 4 plex?

Charles Kiser
  • Lexington, KY
Posted Jan 25 2018, 17:32

I am new to this rental game.  I built a duplex and have been renting it out for 6 months and am now looking at buying a 4 plex to live in 1 and rent the other 3 apartments.  What do i need to ask for from owner and what kind of return do i need to be successful in this venture? I'm looking at a property that is listed at $300k and is fully occupied at  $650 a month rent. It is 10 yrs old as well.  I know there are a 1000 other things I need to find out but honestly don't know where to start to make sure this is right deal for me.  Any advice?

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