Is this a good opportunity? 4plex

[Anthony A Gebru]

Asking Price is 405k, I'm using VA Loan no money down--first time home buyer, I will stay in the unit for at least one year maybe one more year and refinance and 1031 exchange for something

Offer deadline was yesterday

612 Race St, Crowley, TX

8b, 6ba, 3756 square feet, 8869 sqft

Rents: 800, 750, 700, 1 vacant unit

Rents are below market —> Avg price is about $1050

- I’m thinking of backing out the deal and looking for a better one.

[Anna Buffkin]

If you stay 2 years, don't 1031 exchange.  Sell and use your primary residence exclusion.