I need help analyzing a package deal!!

[Kambon Kali]

I have a package deal I'm looking to buy or wholesale haven't decided what the best play will be yet. There's 20 doors total a mix of single-family and duplexes, all of them are rented $525-625. Asking $33,500 avg per door. Can anyone help me analyze deal?

[Bob Langworthy]

@Kambon Kali, Here are some thoughts:

1) With the properties being SFH and duplexes, I would run the numbers like you would on a SFH. If it was a 20-unit apartment building, it would be a little different. Being a numbers guy, I'd run all 20 and put them side-by-side in a spreadsheet. Expenses like mortgage you could divide by 20 (or the number of buildings).

2) The inspection will be key. You may find that a couple of the buildings are a disaster. 

3) You'll need to develop a good list of CAPEX projects based on the inspections.

4) Quick math shows that the properties should cash flow.

5) Are those rents at market for the area?

6) Financing may be a challenge. I've found that small, local banks are often able to offer more creative solutions than a larger bank.

Hope this helps,