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Updated about 6 years ago,
[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
Hello BP,
I would appreciate some more eyes on this deal. Some information that may help evaluations:
- I plan to utilize VA Loan
- I called a similar 4-plex property owner and asked him his rent prices, he stated he was renting for $1150. So I will be aiming to raise rent prices
- There is definitely room for value add. I viewed the inside of 2 units and 1 of them is nowhere near move-in condition (I will be using that one as my classroom basically).
If you need more information, please let me know.
I found out recently that there are HOA fees. It was somewhat of a downer but I want to find out what all the HOA is responsible for, their reliability, etc. because the property needs some TLC that is not happening.
Thank you in advance!