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Updated about 7 years ago,
Steps on purchasing a Portfolio of properties
Good Afternoon BP Family,
I'm looking to obtain property(s) before the end of the year. Besides checking out each unit or property to further access any and all expenses and talking to tenants to see if they have any issue recurring issues, Is it possible to conduct an initial financial analysis of the portfolio below with the information I have below?
Portfolio includes 3 Single Family Homes, 7 Duplexes and 1 Fourplex
Units: 21
Ask price: $1,890,000
Price per unit: 90,000
Caprate - 7.80%
NOI $147,542
Potential Total Gross Income: $196,500
Vacancy & Collection Loss 10% ($19,650)
Effective Gross Income $176,850
Real Estate Taxes $22,058
Insurance $7,250