All Forum Posts by: Greg Grant

Thinking about buying a 7 unit building in a class C area. I wanted some advice if I should or shouldn’t buy it? Let me break down the deals.

Sale price $125,000 I am thinking of offering $60,000

Rehab $110,000 it need a new roof and it’s a lot a water damage inside and mold because of it but not all the units are damaged.

Rent roll $5,600

Expenses mortgage $1,500

Grass cutting $45

Insurance $125

Cap rate 39.56% that’s what I got when I googled it.

Lookin for some advice this will be my first commercial property.

Sent from my iPhone

@Matt Schelberg Thanks for the information I’ll get on it ASAP.

@Jeffrey H. Very true my friend.

@Kelvin Vinston I’m in Maryland and investing in the Baltimore area. Thank you for your service my Guy, respect to you and your family.

@Jordan Deeney Thanks for that info I’m going to call my credit u ion tomorrow. Blessing on your journey.

@Benjamin Maciel Yeah buying turn key would be a big L for me, funny enough I have always bought foreclosures.

@Kevin Christensen You sound like a awesome person! Thanks for the love and the offer to help, thank you thank you thank you, I’ll post pics of before and after.... I just have to learn how to post pics in here 🤦🏾‍♂️. Lol

@Pamela Bunkley hey, Yes and no yeah it’s the first real investment property but I bought a house last year that I rent to a family member I don’t really make any money on it a month but it’s paying for itself and I’m about to do a cashout refi on it to have capital to buy something else soon. 

@Matt McLaughlin thanks man! Yeah feel free to reach out I’m always down to talk and help in anyway I can. 

@BJ Shagena thanks! Yup many more to go I’m already kinda looking for my next project and a better way to finance it.