TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

I've easily had $800-1000 bills for single units.

DSCR loans are used to finance the property once you have tenants in the units.

We have 60 rentals12 air bb units, Ohio  and Fla. 15-20  flips and wholesales, between buy and sell close at any point. 

You can qualify for lower down payment loans, and after a year you can move out, keep the same loan terms and convert the unit you vacated into a rental.thank you!

I despise units that are older where sound travels easily or also units that have either more units above and below.

They acquired the neighboring four-unit in the 1990s for $150,000.00.

I recently closed on a commercial condo unit (for retail), which is one unit in a building that also has 7 apartments. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Urban Lot Splits (ULS) allow you to divide a lot into 2 parcels, and Multi-Dwelling Unit Developments (MDUD) are allowed up to 2 units per lot.