Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
![Kendall Age's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1977090/1695914995-avatar-kendalla8.jpg?twic=v1/output=image/cover=128x128&v=2)
4Plex - Good or Bad Deal?
Hello Everyone
I need some advice on a 4-Plex 1bed/1bath before making a good or bad decision? This is my first property purchase and i am pretty nervous on signing a contract. I am not sure if i am missing something before signing then spending money on inspection/earnest money and any other due diligence ill need to do.
Offering - 190k (VA LOAN)(0 Down)
Rehab - 10-20k
Expenses
Mortgage$801
Taxes$138
Insurance$100
Vac/Maint/Prop Management $360
Water/sewage$148
Current Rents - $600/unit (Under Market) (Similar in Area $750)
Total expenses - $1,547
Monthly Income - $1800 (Living in one unit temporarily)
I am planning on moving out within 6-12 months so the income will increase. There are other 1bed/1bath renting in my area for $750 minimum. Current tenants leases end July 2022 about 10 months from this post. The numbers look good on my end but i have a feeling i am missing something. Once i move out and get an additional tenant and rent increase, my cash flow will improve significantly.
Monthly Income - $3000
Monthly Expense - $1600
Also side question. How would i go about Rehabbing a property that already has tenants living there? Would i just tell them i am fixing the place up and there will be people doing work throughout your apartment? Should i leave it on the property manager to figure it out? I Don't really know what to do and really confused on this part.
I would appreciate any feedback.
Thanks