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Updated about 12 years ago,

User Stats

115
Posts
24
Votes
Dale Tucker
  • Rental Property Investor
  • Cincinnati OH
24
Votes |
115
Posts

Good deal?

Dale Tucker
  • Rental Property Investor
  • Cincinnati OH
Posted

Hi all. We're new to real estate investing and getting ready to look at a 4 unit locally. Great community, top schools, upscale area. They're asking 325k (price just dropped 15k). Stated gross income is $41k per year and net is 31k. We would probably put 20% down and go for a 15 year mortgage at a bit under 3%. I've read through a number of posts and was incredibly impressed with everyone's knowledge and willingness to help. What are your thoughts? We haven't walked through yet but will this week. It looks pretty clean and is stated to be fully occupied. Great curb appeal too. returned no results.

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