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Updated almost 6 years ago on . Most recent reply

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555
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David Smith
  • Rental Property Investor
  • NJ/PA
148
Votes |
555
Posts

Monthly rent is 3% of purchase price

David Smith
  • Rental Property Investor
  • NJ/PA
Posted

Yes, C class multifamily

good for value add and cashflow?

almost no appreciation.      

At current cycle, maybe safe investment, right?

Most Popular Reply

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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
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2,834
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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

The last property I saw that had those numbers was next to a crack house, 2 of 4 units were empty, and 1 unit was under eviction. It's a 0% rents to purchase price if you can't actually collect the rent. 

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