Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 about 5 years ago,

User Stats

85
Posts
34
Votes
Bridger L Logan
  • Rental Property Investor
  • Missoula, MT
34
Votes |
85
Posts

First Deal Analysis and Professional Opinion needed!

Bridger L Logan
  • Rental Property Investor
  • Missoula, MT
Posted

Hello, I am closing in on my first real estate deal in Butte, Montana and would love any input! I am graduating May 2020 with a degree in civil engineering. I have gone over 50+ multifamily properties that could be an owner occupant scenario and have decided a certain 5-plex. My questions are: Is starting with a 5 unit building too large? (What was your first deal size?) The of the property is 325,000 has a monthly expense (Mortgage, Operating costs) of 2200, but has a monthly rent of 3500. It was built in 1900 and has had an incredibly strong rental history considering its location to campus and the hospital. What type of things should be checked for due diligence? I am leaning towards a VA loan as well instead of FHA. Any thoughts or opinions would be greatly appreciated.

Loading replies...