So here it:Property location: Phoenix, AZPrice: $254,000Financing: FHA Primary. 3.5% percent down, and i got the seller to pay all closing costsBreakdown: 4 total units, all 2 bedroom 1 bath units coming in at around 850 Sq ft.Advertised: Rent Roll: 700 per unit, 2800 total, plus supposedly 200 per month from the coin operated washer and dryerActual after 1st months rent collection: Rent Roll: 2725, 40 dollars from washer and dryers.Property Good's and Bad's so far:Good:Brand new roofNewish ac and heatingTile ThroughoutLarge paved parking lot (kinda of good and bad since it has not been upkept in the last 15 years)Long front driveway (for privacy)Large backyards for every unitHuge front yard.Bad:Zero upkeep has been downPavements is cracked and has 2 large potholesNo parking spaces placed so tenants are parking wherever they want including the front yardMost appliances are not working properlyLarge leak under neath one units kitchen sink (possibility of mold)No landscaping done at all in front or back (overgrown weeds, mismatching gravel etc)Here is where we stand!

Hello all,

I am a total Newb to Wholesaling but potentially have my first home under contract ( today!) Looking to wholesale the house ASAP.

I have called a couple of title companies in New York and the...

Most of the drama and problems happen at our 8-plex (which is actually 4 duplexes grouped together with a shared coin-op laundry and off-street parking lot.)

Hi all, just wondering if anyone has any good recs for commercial (coin-op) washer/dryer repair in the Los Angeles to Orange County?

This hasn't ever happened (yet), but I like to cover my bases.Another idea that has worked really well for me is coin-op laundry rooms.

Coin op laundry and storage in other side of basement.Apts. look to be 10-15 years w.o any updates, they are livable and clean, but a outdated.

Regardless, if you do get appliances and you're paying for water or electricity, then (1) make sure you focus on efficiency because washers and dryers can suck up a lot of water and energy and (2) consider whether to buy coin operated washers and dryers - in my experience they tend to cost more but tenants are less likely to abuse them.

With equity considered the total return comes in at 14.92% to 18.3%There is a coin laundry on site, no revenues are included from this.

So here goes: (I'm not sure all the info I need to post for help analyzing, so I'll post what I see in the listing)5 unit2BD/1BA each (3 upper apts, 2 'garden' apts - whatever that means)Rents: $625-$625 (3), $600-$600 (1) $300-$600 (1) I don't understand $300-$600 Also looks like the 2 garden apts are vacant1 washer, 1 dryer coin opGross rent: $1525Total Monthly Income: $2800Total Annual Income: $33600Gross Rent Multiplier: 5 (what is this?)

As long as you have pulled all the permits and completed the inspections (have CO in hand) you should be fine, otherwise don't expect to get through underwriting.