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Updated over 3 years ago on . Most recent reply

Brock Dowis's profile image
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Brock Dowis
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  • Member since Sep 24, 2021
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Brock Dowis's profile image
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Brock Dowis
  • Investor
  • Member since Sep 24, 2021
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Brock Dowis
  • Investor
124
Votes |
203
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General Real Estate Investing

Multifamily Rentals for a newbie

Brock Dowis
  • Investor
Posted

Hi all,

New investor excited to get started. I am looking at a Quadplex and a Triplex in the Columbus OH area. They are older properties in need of lipstick but not complete overhaul. I have ran the rental property calculator on both. Allowing 7.5% for cap ex, maint, vacancy, and repairs. 10% on property management. What are some of the pitfalls I do not see coming? All signs point to extremely solid investment, but as a newbie I know the most challenging hurdle is going to be the one I don't see coming. All thoughts would be much appreciated!

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Brock Dowis's profile image
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Brock Dowis
  • Investor
  • Member since Sep 24, 2021
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203
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Brock Dowis's profile image
Brock Dowis's profile image
Brock Dowis
  • Investor
  • Member since Sep 24, 2021
Connect
Brock Dowis
  • Investor
124
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203
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Brock Dowis
  • Investor
Replied

@Kevin Romines


that is exactly the type of information I am looking for! Thank you so much!!

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