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Updated over 10 years ago on . Most recent reply

User Stats

96
Posts
22
Votes
Jonathan G.
Pro Member
  • Investor
  • Tyler, TX
22
Votes |
96
Posts

2nd investment question

Jonathan G.
Pro Member
  • Investor
  • Tyler, TX
Posted

My wife and I are about to close on our first rental in a couple of weeks.  A second opportunity is in the works quickly and I wanted to get your advice.  I have a 4-plex listed at $242k.  Gross annual income is $38,400.  Taxes are about $5k/yr.  What other info would you want to know before going to look at the property or are the numbers good enough to just tie it up in a contract before it is gone?  (This would be my first multi-plex, so advice on that would be helpful too!) Thank you for your help!  

  • Jonathan G.
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