How hard to find these type properties?

[Medellin Heel]

How hard are these type properties to find?

3 or 4 plex

$100 - 150k

With rents of $350-500 dollars

What should I be aiming for price wise and expected rent wise considering I will have roughly $20-30k to put down as a downpayment?

[Elizabeth Colegrove]

@Medellin Heel

Make sure you watch the insurance and tax really closely. Also the kind of tenant. We bought two properties in Charleston. Great areas tenant base, etc. One problem, taxes work out to be 3x property for investors, insurance are high because it is on the coast and susceptible to weather. Plus don't forget HOA's.

This makes our monthly payment on our 150k house in California less than and our 90k house in Charleston due to differences in taxes, insurance and HOA. So check all the numbers.

Make sure you ask if there is a different rate for investors. If there is ask exactly how much! We learned so much on our first property.