All Forum Posts by: John Homich

Patrick best of luck to you.  Have you tried using the investment analyzer on the Bigger Pockets website.  Very easy to use and it might give you some assurance of your analysis.

Property management generally runs at 10% of rent and I did not see any consideration for vacancy. Just my quick review.

Best of luck in your search. It's worth the work.

Thanks for the advice Bill. Very helpful.

I'm looking at a portfolio of properties owned by one person who is looking to sell. They range from 4 - 6 units. He is offering owner financing. This all preliminary as I don't have any additional information until next week when we visit the properties and review the numbers. I do own a rental (6 unit) today and used a traditional bank mortgage. Owner financing is new to me.

What should I expect and look for? How do they compare to a bank loan? Pro and cons? Should also mention that I have a partner and we both have excellent credit and getting a loan shouldn't be a problem.

I will try to give updates as a learning discussion for others.

Thanks and looking forward to all input and questions.

Thanks Jean

Is there a minimum % return for the cash that you would consider the deal?

Any advice on when a cash purchase is a good choice when buying multi unit properties?