7 Unit Deal In Pottsville, PA Need Info

[Derrick Alexis]

Hey BP community,

So I have a few older mentors that are still very keen to cheap under $15k deals and one was sent over to me as a 1st investment idea in the Pottsville area.

It's a 7 unit apartment building that needs some work, just wanted to know if anyone has any experience? How is the rent market? I've heard that the area is good for cash flow. How well does the ARV work out?

Would leveraging any equity be possible to use a piggy bank sort of speak? I understand that units that are 5+ are evaluated differently as far as leverage being used.

Any help or clarification if I’m misunderstanding or even if this isn’t an area that apartments work PLEASE feel free to share

Thanks in advance,

Pretty nervous