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Updated about 8 years ago,
Contract on a house. Tell me I'm great or that I suck.
I have a contract on a multifamily 4 unit. And I'm wanting to validate my decision to jump on this deal by seeing what you all think. This is my first investment purchase.
Listed at 279,000
Negotiated to 240,000 w/ 10k from sellers toward my prepaid and closing
Va loan 3.6percent no funding fee no pmi
Owner occupy
Owners are 4 heirs none live in area and don't get along they want it gone
2x2bed 1bath current rent 825 market rent 1000-1200
2x1bed 1bath current rent 425 market 550-750
Needs 15-20k in work overestimating which I have in cash
Mortgage payment roughly 1800 including escrow
I will occupy one of the 2beds
Break those personal calculators out of love to hear I did well or I suck and should run for the hills haha if there is anything else needed or I missed let me know wrote post with phone as I'm a firefighter on duty.