Purchase price: $2,400,000 Sale price: $3,800,000 48 unit asset in a tertiary market. great upside in bringing rents to marketwe sold the asset after taking rents from 700 to 1000$ per door.our investors recieved year 5 returns in year 3 What made you interested in investing in this type of deal?

If he has an existing below market rate mortgage by allowing a buyer to receive the benefit of that mortgage he may be able to obtain a higher price than a cash or new financing sale would bring2.

Take into account variables that could affect your cash flow, such as the stability of the market, local tenant demand, and prospective changes in interest rates.

In some market areas that is large and in others that is small.

You will quickly learn whether you like it or not, how to market, screen applications, manage renters, coordinate and supervise maintenance, and so much more.

Does anybody have any thoughts on Springfield or any good markets for someone who is looking at the $150k range? 

Hey Ash,looking at an 82 unit property in a great market with a lot of value add opportunities.

Echoing the above:- Know your market: Is it saturated? 

Had one that we found off-market but things fell through during the inspection (electrical and plumbing issues that we didn't have the capital to pay for and the seller wouldn't budge on). 

I have been reading a lot about Real Estate and I would like to start small with a Downpayment of around $100K.1) I would love to hear what is your experience in Real Estate in these markets?