New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
New to BP With a fourplex oppurtunity
Hello ALL!!!!
My Name is Oliver from tustin Ca..... Been in this rollercoaster ride for about 11yrs,
Love the challenge from negotiating with lenders (shortsales) To dealing with multiple sellers with different mindsets.
Currently I have a 4plex (3500 sq ft) in Santa Ana CA with a great Rental income. There are 4units with 2bd and 1bath a piece collecting $1350 a month to each unit all of the neighbors pay a minimum of 1500 a month. This property is a short sale and thats why the owner lowered the rent to the current tenants, I have a verbal from the lender at 780k. Each unit has its own carport with a closing gate, Comparables in the area or santa ana for that matter are going for 875 + ( same sq ft and rooms & baths )