All Forum Posts by: Danielle Cage

 Yes, that is correct.

Hi,

I’m looking at a 4 unit deal in the Chicago area. I’d appreciate thoughts on whether you think it’s worthwhile.

This is my first buy and hold. I’d like to scale at a moderate pace. 

I have a decent job, so I’m not dependent upon cash flow.

Once I purchase a multi unit, I'm going to pivot and purchase an SFR, hopefully picking up 5+ units this year.

The property has a lot of deferred maintenance but not a lot needs to be done immediately and can be spread out over 1-2 years.

Purchase - 415k

Rent - 4800/ mo

Cash out of pocket - 15k

Maintenance, cap ex, vacancy- 540/ mo

Cash flow after all expenses- 850/ mo

Concerns:

- Buying at 6% interest and not waiting for rates to go down

- If we do hit a recession and rates/ values drop, would my rents go down to

I appreciate any and all feedback!