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Updated almost 10 years ago,
IS A 3 PLEX BIG ENOUGH >?>? buy / hold
I did my first flip recently on a single family and made $37 bucks.....
Ive been doing some research and listening to Grant Cardone, and how he buys his properties with a MIN 15% cap rate on multi family apartment complex's. 20+ units.
I am wondering what you guys think ? Is a 2-3-4- plex too small for a buy and hold ?
EVEN IF THE Cap rate is right ?
I found this deal HERE are the basics
70k + 20 rehab = 90k....
I have to "live in" 1 of the 3 units for a year since it is a homepath unit.
each unit rents for 600-650 .
Is this one worth the time, maybe good to get my feet wet in the rental game ? or is this a big pass ?
http://tampa.craigslist.org/psc/reb/4893465105.html