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Updated over 2 years ago,
Buying my first apartment building
So I found an apartment building about 40min from my house I’m looking to purchase with an angel investor firm (6%) so I won’t have to put any money down to start, the property is listed at $575,000
12 units all leased with NOI of 38k and rents bring in 60k a year of revenue. At first financially it sounds like a solid play but I feel like I'm missing something anyone have tips about the numbers ?