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Updated almost 8 years ago,

User Stats

89
Posts
44
Votes
Kurt McDowell
  • Investor
  • Saint Louis, MO
44
Votes |
89
Posts

6-plex, first commercial deal

Kurt McDowell
  • Investor
  • Saint Louis, MO
Posted

6-plex in south St Louis city, 63111. Locked it up for 142k. All one beds, fully occupied,  3k gross rent. New roof, new windows, 4 of 6 units updated. Well maintained.  I own 11 units in the area, this would be my first commercial. Down payment would be a stretch for me... Not sure if I should do it now because the commercial game is so much different: bigger down payments, exit strategy unclear, refinances not fixed, inspections more expensive, etc.  Perhaps I should just wholesale it... my first post, any feedback?

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