Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

26
Posts
4
Votes
Patrick Barker
  • Saint Marys, GA
4
Votes |
26
Posts

Help me analyze a deal!!

Patrick Barker
  • Saint Marys, GA
Posted

Hey BP,

I have completed the BRRRR strategy once and will finish my second rental reno by years end so I am looking for my next property. There is an investor in my area looking to get rid of 6 duplexes (12 units) asking $462,000, all units are 2bd/2bath, cap rate is listed at 10% and it is in a military town so I don't believe I will have any trouble finding renters, and they will rent for a min $600/mo all day long. So my question is what advice can you give me for financing (I have $15,000 saved) a large deal, and what do you think of the deal itself? I can rent them as is but I would want to go in when the lease is up and put about $5K per unit into it.

Any advice would be greatly appreciated,

Thank you in advance

  • Patrick Barker
  • Loading replies...