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Updated over 1 year ago,

User Stats

11
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7
Votes

I have $2M at 0 down and 6% interests now what?

Jeremy Altdorfer
Posted

Getting SFH and small MFH at about 25-40K /unit In Cleveland/Toledo is what I have been doing with my own money, I now have 3 duplexes and 1 SFH. When I run numbers for larger apartments I'm finding that they are less profitable then my cheapo SFH. How can this be? I thought an apartment is supposed to be a more profitable structure. As in 1 roof, one yard instead of multiple saves you money on maintainance. But I'm not seeing that refect in my own numbers. If I keep getting cheap units like this, lets say average of 30k/unt I would heed to close on 66 deals just to spend all the money. That's too many deals to do in even 2 years of closing deals next to my job. (Took me about 3 months to close 4 deals, I'm getting faster but still...) So I would like to close on a large multifamily and save a bunch of headach....but my numbers just don't seem to pencil out for these. I was wondering g if anyone can share an excellent spreadsheet they use for their large multifamily deals so I can look at the calculations and see what I may be getting wrong.

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