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Updated almost 10 years ago,

User Stats

89
Posts
19
Votes
Nicholas Moffett
  • Investor
  • Tampa, FL
19
Votes |
89
Posts

IS A 3 PLEX BIG ENOUGH >?>? buy / hold

Nicholas Moffett
  • Investor
  • Tampa, FL
Posted

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

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