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Updated about 17 years ago on . Most recent reply

User Stats

124
Posts
15
Votes
Robert Granara
  • Real Estate Investor
  • Reading, MA
15
Votes |
124
Posts

great cash flow opportunity?

Robert Granara
  • Real Estate Investor
  • Reading, MA
Posted

first off, im not rich...im scraping by actually...i own some rental property and rent out 5 units currently...i also bought and sold 2 multi's a few years ago...i have experience in this market and renting to section 8 tenants...

im looking to make another purchase of a 3 unit for CASH FLOW purposes...one property im looking at tomorrow (we'll see how much work/$$ it needs) can be bought for $200K...i can rent out each unit for $1350 and would cash flow about $2000 per month...

is this too good to be true?...these houses were selling for $450K 2-3 years ago and now they are going for half of that, meanwhile the rents have stayed the same...

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