155,000 purchase20,000 per unit X 4 = 80,000All in 235,000 or 58,750 a door for 750 in rent.750 X 4 = 3,000 a month X 12 = 36,000 gross income.Since everything is brand new and hopefully separately metered costs should be 50%.The value at a 10 cap is 180,000 resale minus costs so you would be losing money in that case.Are these 2 townhome style apartments in a quad??

I'm brand new to BP but I like everything I'm reading, hearing on the podcast and seeing on YouTube.I'm a licensed appraiser (10+ years) and Realtor (Mercer & Burlington Counties).

In my area there are brand new duplexes for sale just waiting for investors.Concerning price to build, you need to look at cost per sq foot for similar quality/feature new construction homes in your area.

I am brand new to Flipping and have been lurking on BP for the last couple of weeks.

Real Estate investing as a whole can be quite daunting, especially to someone brand new like myself.

and this was a brand new LLC. :-)

Sounds like K.Marie was spot on again in your situation that you're brand new to this and didn't understand the risk associated it with and what steps you have to take when the buyer defaults on your loan.

Located in historical district of Cedar Rapids surrounded by mostly commercial property and a brand new medical facility.Bank is lending 177,600 and I am having the seller carry a 2nd of 17,400 amortized over 20years @ 5% with a 5 year baloon.

==============================i'm worried about it being a quit claim deed and i buy it and end up with nothing as other liens may be on it but they are offering me optional title insurance so that may not be an issue where i buy it and other liens are on it.also that it is occupied i don't know if that would be a deal breaker or if i could just get them evicted if they do not want to pay rent or leave voluntarilyadvise/thoughts please of this home on auction.com or the 4 BR and section 8Thanks

I did rough and finish framing for brand new custom homes.