I've sust scouring the MLS sites for all multi-families near a metra line.I made an offer on a triple in the Hermosa area of chicago (in the path of progress, but still relatively cheap), but there was a lot of competition on the property and even though I offered 6% above their asking price, they went with another offer (I'd imagine with more cash up front, I'm using a 203k @ 3.5% down)I was looking at the MLS late friday night and a quad popped up in Matteson  (south suburb) literally as I was browsing.

Based on the info provided, your spreads down to $60k from $100 but able to triple the quantity of flips makes perfect sense and your ability to scale has opened up.

Double, triple, quadruple check your numbers, don't rely on what the wholesaler or even an agent says.

I was able to scale the business 54% from 2017 to 2018 and from 114% from 2018 to 2019 without increasing marketing costs (in fact I cut them 56% and tripled our reach).

I'm not sure if it's a triple net but I assume not. $7000 is the gross monthly revenue.

But this time get a duplex, triple, or fourplex.

Maybe a bit higher for multifamily bc you generally have more roof area and double, triple, quadruple the components.

If you are going to buy out of state, get a lawyer, and double , triple chec before signing anything, cause you can loose your hard earned money.

Not saying this is the case here - just proceed with caution and triple check everything.

Hi- I have come across a deal and wanted to get feedback on if I should pursue it.  I have had interest in NN and NNN deals given the predictable cash flow and the passive nature of the investment.  The deal had some ...