Multifamily buying process

[Matt DuSold]

Hey Everyone,

I have been sitting around for WAY too long waiting to get into the game and decided that multi family properties that give me cashflow right now are a solid bet. I stumbled across a 6 unit property it is 2 triplexes but they are selling them together. It is a short sale so I'm assuming thats why it is such a great deal but we will see.

Cost is 82,700
Each unit is rented out for $450 a month right now.

There are a few problems, it says drive by only and I have no credit. As far as the drive by, I have a right once in the process of being serious to check out the units and talk to the tennants and obviously get an inspection done correct?

As far as my credit issue, I have "perfect" credit but the problem is I have never carried a loan. I have a pretty good amount of cash and my DTI is very high because I don't have any debt.

My main concern though is will the agent let you go talk to the tennants and check the place out. The deal numbers wise works but I will not buy this place blind. It isn't a great area but it isn't a war zone either.

Thanks for your help!