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Updated about 7 years ago on . Most recent reply

User Stats

33
Posts
5
Votes
Katie Johnson
  • Residential Real Estate Broker
  • Morris Heights, NY
5
Votes |
33
Posts

12mil property-6% Cap Rate - advise needed on first large deal!!

Katie Johnson
  • Residential Real Estate Broker
  • Morris Heights, NY
Posted
Here are the numbers 44 Unit multi-family for sale $12,618,052 Gross Rent Roll - $ 918,000 Total Expenses - $92,950 Net Operating Income - $ 825,050 I think this is a great investment, on a large scale. However, I would like to see what I can’t see. Would some of you seasoned investors chime in to tell me what are some of the important things to look out for before making a big purchase like this? Thank you for your time.

Most Popular Reply

User Stats

1,635
Posts
1,363
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Michael Le
  • Developer
  • Houston, TX
1,363
Votes |
1,635
Posts
Michael Le
  • Developer
  • Houston, TX
Replied
Originally posted by @Andrew Johnson:

But you can’t punch numbers into a BP calculator on this one :)

 But I paid for the Pro membership for it...

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