Is this worth the time and money?

[Angel Reyna]

Price: $15,500,000 No. Units: 71 Building Size: 54,454 SF Price/Unit: $219,014 Property Type: Multifamily Property Sub-type: Mid/High Rise Property Use Type: Investment Cap Rate: 5.03% Gross Rent Multiplier: 11.60 No. Stories: 2 Year Built: 1965 Lot Size: 2.09 AC Parking Ratio: 1.74 / 1000 SF Non-Rent Control Market 49 out of the 71 Units are Renovated Market CAP Rate 5.03% Market GRM 11.60 Gated Carport Parking with 93 Parking Spaces Centrally Located Near Schools and Shopping Centers Is this worth it? If so, how could I convince an investor? All the information is from Loopnet Btw

[Jeff B.]

IMO, newbie + wholesaling + FMV of 15mill = nearly impossible.

Lower your sights and get your feet wet first.