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Updated over 1 year ago,
Real Estate Newbie Four Plex
I am missing somthing here or is there more to this? I have an area that is filled with 1 bed 1 bath four plexes. All filled with tenants, interiors remodeled, listed around 200,000-250,000 with rents running from 600-700 a unit, most pay gas and electric.
I am extremely new to this and just looking at different markets doing quick number crunches. This may not sound like alot but I feel if I purchased a few of these over the next few years I would have a decent cash flow that my day job would no longer be needed.
What other factors do I need to be on the look out for and are these fairly easy to manage? All inputs and stories are appreciated.