Please help with possible first deal.

[Anthony Espinal]

A friend of mine is in the process of making a few deals came to me to be his possible partner. He has his real estate license and has been traveling for deals outside of our city. This is just 1 of the 3 deals he's trying to make and he's proposing we go 50/50 on the downpayment. Of course I'm nervous because it could be my first deal but it also makes me nervous that this is several hours away in Reading PA. I have no experience in this area and know nothing about it. I plugged in as many numbers as I could into the calculator.. What do you guys think?

https://www.biggerpockets.com/calculators/shared/414297/2bcae4d9-0bb5-4019-b412-8ee8c141edd2

[David Ceballo]

Anthony, 

The zip code you gave (19602) is considered a warzone area. The numbers in the area typically look good, but you must adjust for the headache that may come with the property. When you are buying multifamily being sold as an investment with tenants in it, it is a good idea to request a rent role for the past several years to uncover how good the tenants are and the expenditures of the property. 

Visit the property and do your due diligence. If the numbers work it will just be a matter of personal preference.