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Updated over 10 years ago, 06/20/2014

User Stats

53
Posts
5
Votes
Alesha Rayford
  • New Orleans, LA
5
Votes |
53
Posts

Going out to see a 4plex

Alesha Rayford
  • New Orleans, LA
Posted

hello BP in about two hours I'm going meet an agent to look at a 4plex right around the corner from where I live. I'm nervous and excited at the same time. The plex is listed for 200,000$ With three rented out for 1050 a month.. I haven't done the numbers yet because I'm not to familiar with it (newbie here). It did say it has a 21%. Cap rate. I am hoping I can get a fha loan to get the plex. My question to you all what are some good questions to ask the agent? I am in the New Orleans east area by the way :).

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