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Updated over 2 years ago on . Most recent reply
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[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
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Quote from @Nathan Mcnabb:
*This link comes directly from our calculators, based on information input by the member who posted.
Getting ready to close on my fist rental deal and would like to get others opinion as I'm very green in this and don't really have a mentor per say to ask for advice. I've read the books and listened to the podcast for the last 3 or 4 years and been looking for the perfect deal, but I think its time to jump in and get my feet wet. It is a 4 unit side by side apartment building. Each unit has 2 bed 1 1/2 bath, garage parking and off street parking. I paid to have a building inspection done and everything checks out great. Would guess it to be in a B neighborhood. New roof less than 5 years old. fully rented out. My wife is freaking out about the down payment money but I keep assuring her that we will make it back in a few years plus all the tax advantages we can use. What's everyone's opinion on my report? seem like a decent deal considering the times?
Any advice for a novice is greatly appreciated!