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Updated almost 3 years ago,
Seems like a good deal...
Found on MLS, 4 unit in desirable location in CO. Expensive at $880,000, after rents calculated on the low end of possible and expenses factored in it would cash flow $800-$900 per month, CoCROI is at 6%.
I have listened to many people smarter then me say if it cash flows its great, if the CoCROI is below 12% skip it, 1% rule, 2% rule 50% rule etc.
What advice would you have for someone new to multifamily investing, currently own just a SF
This is with asking price