Calling all Real Estate Calculators

[Angello Campbell]

Shout out to all my Bigger Pocket investors out there killing it. I was wondering if you can let me know whether this is a good deal or not. (5) unit multi-family building. All units 2beds 1 bath. Current rent is $895 per unit. Asking price is $350k. I would consider this a “C” area. I currently have 3 townhouses as rental properties of which 1 will be paid in full in the next 3months. I plan to take out a loan against that property to buy this multi-family. Oh I forgot, taxes are $6407 annually. 

On another note there is a listing that is selling (2) 4 unit apartment buildings for a total of 8 units. All units are 2bed 1 bath. Price is $619K for both and the seller won’t separate them. If I was try to purchase this one, how would the loan go? Would it be a commercial loan because I’m buying a total of 8 units or would it be a conventional loan because they are each 4 units.