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Updated about 7 years ago on . Most recent reply

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9
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0
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Robert Phillips
  • Linden, NC
0
Votes |
9
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Analysis of multi properties

Robert Phillips
  • Linden, NC
Posted
I’m looking for my first investment property. I have found two different deals I think could really be good. I’m just unsure about the numbers. The first is 3 2 br 1 ba duplexes on one property. I am not sure how to break it down and figure out what number makes sense to purchase. The second is 3 3 br 2 ba on separate lots. With this one is they want to sell them together. I think they came up with the price like you would on commercial property or apartment complex. So is that the way I should analyze it. Or should I analyze each home separate and then add all 3 numbers to make my offer??? Please help! Any feedback is greatly appreciated. The market in my area is moving so fast, I need to get an offer in the day they come out or it’s gone. Also, how do you buy bank owned properties? Thanks. Have an outstanding day!

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