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Updated over 4 years ago, 06/29/2020

User Stats

3
Posts
0
Votes
Joseph Rice
  • Rental Property Investor
  • Redlands, CA
0
Votes |
3
Posts

4plex opportunity help

Joseph Rice
  • Rental Property Investor
  • Redlands, CA
Posted

I have an opportunity to get property for 90k not in a very populated area in the high desert. Needs all new windows ,One 2/1 unit is empty and needs flooring , cabinets for small kitchen and a new vanity, I’m considering doing a hard money loan . It’s 2-2/1 550 per unit and 2-1/1 400 per unit . Easily worth 130k comparable at end of street is 230k was owned by slum lord everything can be rehabbed but probably do minimal because of rents in area just looking for opinions, Thanks

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