I had a deal in front of me and need help determining if this is a good value....It is a low cost low income building.I have a break down of all the numbers but I’ll just throw out the basicsGross rent is $234,000 on an upward trend producing closer to $22,000 a month last 4 months, seller has been clearly cleaning things up a little before sellingThe balance sheet that they gave me shows $98,000 NOI but they do not have property taxes listed and makes me wonder what else that they left out..But either way that should still keep the NOI above $90,000The asking price is $800,000Looking for advise from some experienced investors Thank you

Hey James,His most recent letter from the bank said his balance was $138,168.

The legalization of cannabis in various states has created a niche in the real estate industry where the value of properly zoned lands and properties have been increasing at an astounding rate.

If you really have $60,000 in equity then you may be able to get a HELOC to cover a dow payment for the proper.

In my experience it is cheaper and harder to install properly.

There are so many great opportunities here and  I'd like to take advantage of them, but would like to learn how to do so properly.

Proper advice should vary significantly depending on whether this is a free and clear one-off lot on the side or a huge portion of your portfolio with a massive payment.In general, I'd say no. 

That's putting you into about a $150M past due balance?

Neither have a mortgage, owned free and clear-No high credit card balances-Credit score - TransUnion as of 7/29/18 - is 796We haven't decided if we will sell the townhouse or keep it and rent it out.

I would love it if someone could give me some direction on this subject as well so that I can properly focus my energies on making it happen.