4 family asking 145k

[Steve Candor]

4 family fully occupied. I believe I can get the rents up when they leave specifically the 3 bedrooms as I think they are under market.

current ask 145k

Electric 20/month

Water 140 month (seems low?? but owner provided)

Taxes 3k a year

1bed 475

1bed 425

3bed 575

3bed 625

These are the current rents. I think I can get the the 3bed at 700. And the 1bed to 500

[Hattie Dizmond]

@Steve Candor 

Here in DFW that would be a very positive cash flow, so I would love the deal.  But, you also have a lot of expenses I don't have to deal with down here, like snow removal!  Dallas version of snow removal...wait until tomorrow, it will melt.  :-) 

The electric looked low, if you are paying all the utilities.  If the electric is just for exterior lighting, then that makes a little more sense. 

In the end, if the deal meets your goals, then it's a good deal.  Here in DFW, in good areas with good schools, people are pretty happy to get a cash flow of $200/mo, with a mortgage.