All Forum Posts by: Marcellus P McKinley

@Erica Osborn Nahh I can't :/ I'm in Atlanta until Friday evening. will def try to be at the next one, though!

Welcome Chris! Hope you find what you need; this site has been nothing but awesome for me so far!

@Jacob McAllister I’m interested!

@Erica Osborn so awesome to see this thing come to fruition! I know there’s a lot still to come, but it’s still worth taking time to celebrate it. Rooting for guys all the way. 

Had fun last night, y'all! nice meeting you guys and hope to see you at the next one! 

@Erica Osborn I’ll be there!

@Tim Herman, Apologies for the late reply and thanks! I will go track that spreadsheet down now.

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*This link comes directly from our calculators, based on information input by the member who posted.

All,

Thanks for the information! It makes a lot more sense now. Is that usually a good filter that missing data=potential red flag? I’m new at this and don’t want to miss potentially good deals because of just making assumptions.

Morning y'all!  

So I've been starting to analyze a few properties to buy my first small multifamily, and I noticed something odd about one in particular. It's a 4-unit located in SE Virginia with an asking price of $125K. It's been on the market for quite a while, so I think I can negotiate a lot lower. Based on median rent in the area, I think I could make pretty decent cash flow, depending on repairs and such. The problem is... there's a LOT of missing information. No square footage, no lot size, and odd tax data. Annual taxes are extremely low for the area (anywhere really!), and I have a few questions: 

• Is it normal to be missing a lot of things in the MLS entry for a house?
• Should I be making any inferences about that (i.e., this is a good buy, bad buy, etc.) ?
• How should I approach this in the future?

Thanks in advance for the help! This community truly has been great so far.