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Updated over 6 years ago on .

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12
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0
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Nicholas Young
  • Columbus, NE
0
Votes |
12
Posts

Converted House - 7 Doors - First Purchase??

Nicholas Young
  • Columbus, NE
Posted

Looking for my first deal and came across a large house conversion that has 7 units in it.  Total rents come to $2500.00.  After expenses property will cash flow $750 per month.  I have had a lot of people tell me to stay away from conversions as they have bad vacancy rates, do not rent as well as traditional duplexes and are a lot more work than traditional duplexes/triplexes ect....  Anybody here have experience with conversions that can share their experiences?