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Updated about 4 years ago,
can someone please analize this deal?
hi guys its my first post so go easy on me.
Im from Montreal, Canada. The housing market is absolutely insane here with 20% jump in housing prices this year alone! its extremely hard to buy a multi family home because as soon as they hit the market they are flooded with offers and sometimes sell for 100k over the asking price. i need someone to tell me how much i should be paying for this multiplex. i intend to use the brrrr method.
Im from Montreal, Canada. The housing market is absolutely insane here with 20% jump in housing prices this year alone! its extremely hard to buy a multi family home because as soon as they hit the market they are flooded with offers and sometimes sell for 100k over the asking price. i need someone to tell me how much i should be paying for this multiplex. i intend to use the brrrr method.
https://www.realtor.ca/real-es...
this property bring 47000$ a year. The NOI is 34692
rents around the area for a 4-1/2 are 1000$-1100$ renovated
my renovation budget is 100k.
thanks.