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Updated about 10 years ago on . Most recent reply

Michael S.'s profile image
Michael S.'s profile image
Michael S.
  • Rental Property Investor
  • from Richfield Springs, NY
  • Member since Aug 20, 2014
  • Posts 59
  • Votes 8
  • Experience 12 Yrs
  • Investments 3
Connect

User Stats

59
Posts
8
Votes
Michael S.'s profile image
Michael S.'s profile image
Michael S.
  • Rental Property Investor
  • from Richfield Springs, NY
  • Member since Aug 20, 2014
  • Posts 59
  • Votes 8
  • Experience 12 Yrs
  • Investments 3
Connect
Michael S.
  • Rental Property Investor
  • Richfield Springs, NY
8
Votes |
59
Posts
Multi-Family and Apartment Investing

18 unit going under contract this week looks like a winner

Michael S.
  • Rental Property Investor
  • Richfield Springs, NY
Posted

I'm new and have been doing a lot of reading on here. I think I have found a good investment. Numbers are $118,000 a year. $41,000 in expenses. Purchase price $400,000. $100,000 down and 5% at 10 years. Seller financing. This is my 2nd property I currently own a duplex and this is my first venture into commercial. Any advice would be greatly appercited 

  • Michael S.
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    Seth Wilson's profile image
    Seth Wilson's profile image
    Seth Wilson
    • Specialist
    • from Kansas City, MO
    • Member since Nov 4, 2010
    Connect

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    71
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    27
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    Seth Wilson's profile image
    Seth Wilson's profile image
    Seth Wilson
    • Specialist
    • from Kansas City, MO
    • Member since Nov 4, 2010
    Connect
    Seth Wilson
    • Specialist
    • Kansas City, MO
    27
    Votes |
    71
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    Seth Wilson
    • Specialist
    • Kansas City, MO
    Replied

    Why is it so cheap?

    1 Vote
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