All Forum Posts by: Chris Rowland

I’ve owned a couple rentals but none now. I’ve found a multi unit townhome near me. I’ve worked the numbers over and over and even with PM can get around 24% roi or at close to $2000/mo

However, My hesitation is threefold:

A. We are in uncharted territory with the market. I feel like prices will drop by 12/20, but no idea how much or if it’ll even affect this and other multifamily in my area

B. To me these are class c+/b- units. Parking lot could use repave and landscaping need a little touch up. Inside units are decent enough tho (2/2). I’m trying to think just because I wouldn’t live there doesn’t mean it’s a “bad investment”? Right?

C. I’ve never done a multi unit so it’s a jump but I think a good one and I can do it - with PM.

Price is fair for the per square ft. It’s not a slum area but it’s not a near Whole Foods either lol

Anyway, any suggestions or guidance is appreciated