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Updated almost 13 years ago, 03/27/2012

User Stats

37
Posts
3
Votes
Jay Neaves
  • Grays, Essex
3
Votes |
37
Posts

Would you recommend a 9 unit apartment building for a newbie?

Jay Neaves
  • Grays, Essex
Posted

These are the details I have...

SP. $269,000 (probably get it for 250k)
9 Units 4 x 1 bed and 5 x 2 bed
100% occupancy (maintained for 12 months)
Scheduled Gross Income 62,100
Effective Gross Income 55,027

The question I have is whether or not a 9 unit building is a bright idea for someone new to the game. I don't want to delve too deeply into the thing if it's not a wise move for someone completely new to the game to take on an apartment building.

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