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 6 years ago on . Most recent reply

User Stats

24
Posts
8
Votes
Javier Arbelaez
  • Powder Springs, GA
8
Votes |
24
Posts

C Class 6-Plex. Good starting property?

Javier Arbelaez
  • Powder Springs, GA
Posted

Hey BP,

I found a 6 plex property near me that the numbers look good in terms of cash flow. It was built in 1965, 4 2bed/1bath & 2 1bed/1bath. They are asking for $313,000 for sales price with rents at $3200. Doesn't need much renovation for each unit. The schools are good BUT it is about 1 to 2 miles away from a medium crime area (based on trulia). Is that something that is too close to the property to consider? I don't want a property that is going to be a constant worry or attract a lower quality tenant. Also, is there a way to fund the down payment since I don't have 60k to put down? I am trying to figure out a way that makes sense and still allows me to cash flow.

Thanks so much for any help!

Loading replies...