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Updated over 6 years ago on . Most recent reply
![Niyi Adewole's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/346991/1635165848-avatar-niyi.jpg?twic=v1/output=image/crop=2019x2019@89x38/cover=128x128&v=2)
Newbie with a 12 unit under contract.. Is this a deal?
Good Evening Bigger Pockets Family,
My name is Niyi and compared to many of you i am a new investor. I purchased my first property in December of 2016 via a househack and i now have a 12 unit deal under contract!! Below is the information i have acquired thus far and a link to the bigger pockets analysis that i ran:
All Units are currently being rented to Section 8. I was told this is not a mandate, the current owner just prefers subsidized housing. This is a 3 property deal with each property housing 4 1 bedroom units.
https://www.biggerpockets.com/calculators/shared/346991/70130df3-b540-44b9-9d98-0add24e38f35
AM i missing something or is this a deal? Any and all help is welcome.
- Niyi Adewole
- [email protected]
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![Caleb Heimsoth's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/634692/1621494300-avatar-calebh9.jpg?twic=v1/output=image/cover=128x128&v=2)
Are you buying these on 3 separate loans? Because a commercial lender isn’t going to do 30 year fixed financing.