Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

132
Posts
61
Votes
Johnoson Crutchfield
  • Rental Property Investor
  • Tupelo, MS
61
Votes |
132
Posts

Is this a good deal on 4 units?

Johnoson Crutchfield
  • Rental Property Investor
  • Tupelo, MS
Posted

Is this a good deal.  Should I go for it?  Up for sale are 4 units on the same lot.  One is a single family home recently rented for $725/month.  The other unit is a vacant 3 unit building.  Full rehab of all 3 units is going to cost 60,000.  Aquisition 90,000.  All in at 150,000, I'd have the potential to have the following income from four units.

$725- Single Family House (Already Rented, Little Rehab Needed)

$800- Three Bed 1bd/1ba Unit (15k rehab)

$650- 2 Bed/1bath Unit 2 (15k rehab)

$600- 2 bed/1bath Unit 3 (30k rehab)

I can get a purchase loan from a community bank at 75% purchase and 75% rehab retroactive. Hard to know what the ARV is on this type of building because most of them sell off market in my area and are in pretty bad shape when they sell. Can I BRRR This and get alot of my money back out of it after it's fixed. Suggestions?

Loading replies...