Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago, 03/08/2019
Advice on purchasing a multi unit apartment building in Maryland
Hello, I have a question or I might just have the jitters. I have purchase a few houses some I've flip and some I've help on to for about a year or two and I've money in the process. My questions is I am in the process of going through closing on a 7-unit one-bedroom apartment building in Maryland. The gross amount of rent is 4200/Mo
I am obtaining a mortgage for the total price of 389,900/ The annual expenses broken down below. This doesn’t seem like a large monthly cash flow of 779.95 per month for a building that requires a down payment of 97k at closing. .My plan is to buy and hold and leave to my kids. Do you these numbers look like a good deal?