How to leverage a MFH after you invest?

[Adam L.]

So I am looking at this proforma and I'm still new trying to figure it out.

• 7 units
• $1.3M asking price.
• $94k/yr rent currently
• well maintained w/ recent capital upgrades in last 7 years.
• appears to be nicely maintained.

What do you think of the numbers? It seems over priced for the rental income.

And another question: assuming I buy this and do a mortgage...What could a strategy be to leverage this to purchase and buy other properties? Is that something you need to wait years and years to appreciate in equity?