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Updated over 6 years ago, 05/11/2018
Expensive Multi-Fam w/ 10% Down
Hey BP!
I have a client who is looking to buy a 4 unit multi-family with 10% down. The issue is prices in my area generally require 40%+ in order to cash-flow. There are also rent controlled tenants in many of these buildings who are nearly impossible to get out, many of whom are paying 1/2 market rent.
Is there a better way to go about this search? Can I reverse engineer this in a way to find only the buildings that will cash flow at 10% down?
Any help would be appreciated!