Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 13 years ago on . Most recent reply

User Stats

48
Posts
0
Votes
Mel Rosario
  • Real Estate Investor
  • rancho cucamonga, CA
0
Votes |
48
Posts

condo vs multiplex investment, please help me decide

Mel Rosario
  • Real Estate Investor
  • rancho cucamonga, CA
Posted

First of all, thank you for all your input to my earlier posts.

I am in California and looking at a condominium to buy as an investment 125k. I also saw a multiplex let say it's about 750k.

Here are the information what i can gather:
condo: i can fully pay this off at 125k or LOC at about 3% (3600/yr), rent can be about 1350/mo (16k/yr) and mgmt say 10% ($1350/yr) to make it easy. Accounting for vacancies will be low as I have several properties in this area and not had more than a month's vacancy in over 5yrs now.

The quad is 795k, all 2/1 collecting about 62k/yr. with a 30% down, and at 6% non owner occupied interest, along with 2k/yr insurance, 8k/yr prop taxes, 4500/yr hoa, 5000/yr maintenance and com utilities

i think the better deal cash flow would be the condo, it may not appreaciate as much but, i'll be pocketing 10-13k/yr and this is not a long hold, will sell in about 5yrs.

any input? if this works, i can buy 2 condos instead of putting 30% down on a quad and make a little more in the short term.

Loading replies...