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Updated almost 6 years ago on . Most recent reply
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a 4 plex cash flow numbers seam off?
So here's the scoop a four unit with rent at $425 for a total of $1700 a month, asking $124,000.( owner pays water)
It took a couple of weeks to get the cash flow report. So after looking at it the numbers, I had some questions why is the rent not showing $1700 . I asked the management company Why it was off by so much and was told to just look at the "net other items. That is paid out to owner from property management."
The other red flag was the water bill ? Should I keep looking? These numbers are off putting to me.
Thanks
Jay