Second opinions thanks to analysis paralysis

[Shane Albert]

Okay BP to the rescue. I found a deal that would be my first. I have always been infatuated with storage units and small multi family. Well wouldn’t ya know it guess what I found after a year of looking. 6 unit building with 2 addItIonal buIldIngs with 24 storage units. Here are the numbers, tell me what you think. And to save you the time and questions I have checked these numbers and they are rounded up but pretty accuarte Asking 260,000 Rents 4,000 Expenses 1000 Mortgage (w/ 20%) 1500 Saving (vac, maint, etc) 500 Cash flow $1000. Kicker: 20% wipes out all my liquid cash. I could front 10% and borrow another 10% to cover the down. That leaves me with an extra $500(ish) payment a month knocking the cash flow down to $500/ month. Still a deal? What are your thoughts?

[Shane Albert]

@George Lay Thanks for the insight. Pretty comfortable with everything the property has to offer, I guess I am just nervous about writing those big checks. I think I have an illogical fear that my numbers and projections will fail me though I have ran them over and over and over again.