Buying a quadplex

[Jeremy Torres]

there’s a 4 plex for sale in my area for $386k I’m wondering if that’s a good price? And if it’s worth it?  I already have 5 rentals jsut trying to scale  little bit.   My plan is to live there for a year then move out and rent the 4th one.  When I submit the offer I’m thinking of lowballing though to see what their counter would be.   As far as financing what would be a good loan?  Conventional or fha ? 

[Tim Delaney]

Those are all pretty vague questions. How long has it been on the market, what condition is it in, what do the numbers say? Why not work with an agent to craft a strong offer if it’s a good deal, don’t just lowball for the sake of lowballing. As for the loan since you already have rentals, you will probably be fine with a conventional.