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Updated over 1 year ago on . Most recent reply

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Ulises Pereida
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New to Multi-family investments. Looking for advise on pretty peculiar property.

Ulises Pereida
Posted

I'm trying to invest on my first multi-family property (currently own a few single family homes).

While researching properties I came across a property that really caught my eye, but I would like to know if this would be a particularly complicated property to rent.

The property is a 2 stories building with a 1b1b on the first floor and a 4b1b on the second floor. My research tells me that it could potentially cashflow around 15k a year but I'm wondering if it would be hard to place tenants in the 4b1b unit.

Anyone with similar units that could share your experience would be highly appreciated.

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Joseph Cornwell#1 Real Estate Success Stories Contributor
  • Real Estate Agent
  • Cincinnati, OH
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Joseph Cornwell#1 Real Estate Success Stories Contributor
  • Real Estate Agent
  • Cincinnati, OH
Replied
Quote from @Ulises Pereida:

I'm trying to invest on my first multi-family property (currently own a few single family homes).

While researching properties I came across a property that really caught my eye, but I would like to know if this would be a particularly complicated property to rent.

The property is a 2 stories building with a 1b1b on the first floor and a 4b1b on the second floor. My research tells me that it could potentially cashflow around 15k a year but I'm wondering if it would be hard to place tenants in the 4b1b unit.

Anyone with similar units that could share your experience would be highly appreciated.


 I think this would be market dependent, but here in Cincinnati I have found 4 bed apartments do limit the renter pool quite a bit, I was able to find a corporate lease for mine where they lease it by the room for their employees who come here on short contracts to work and then go home, it worked out well. You could look into that option as well.

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