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Updated over 3 years ago on . Most recent reply

Matthew Grabarczyk's profile image
Matthew Grabarczyk's profile image
Matthew Grabarczyk
  • Member since Jan 19, 2021
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Matthew Grabarczyk's profile image
Matthew Grabarczyk's profile image
Matthew Grabarczyk
  • Member since Jan 19, 2021
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Matthew Grabarczyk
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Multi-Family and Apartment Investing

Advice for my first deal

Matthew Grabarczyk
Posted

10 unit, 1bd/1bath studios. 

Rents @600 each. 

Asking 150k but the caveat is the owner pays all utilities.  

What are your thoughts on this scenario for a first deal?

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Bryan Cambra's profile image
Bryan Cambra's profile image
Bryan Cambra
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jun 7, 2019
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Bryan Cambra's profile image
Bryan Cambra's profile image
Bryan Cambra
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jun 7, 2019
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Bryan Cambra
  • Rental Property Investor
  • Los Angeles, CA
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Bryan Cambra
  • Rental Property Investor
  • Los Angeles, CA
Replied

Need more information but my first thought is that the price is crazy low. Obviously it depends on the location but I can't think of a city in the US where you'd be able to get that kind of price and the building not be completely dilapidated.

Would definitely like to hear more though. 

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