I am thinking of purchasing a $25k lot that i can fit for sure a small 4plex on in a city that is surrounded by heavy industrial plantsMy plan is building a 4 plex with 1 room, 1 restroom, small living room, tiny kitchen, and tiny utility room roughly 775 sqft a pieceI know for a fact i can get contractors in here rented out paid water and trash @ 950$ a month (possibly more if weekly and if i do all utilities)Why should i  OR should i not pull triggerRoughly 25k for lot + 200-250k to build  = a 225-275k loan @ 15 years @ 5.59% 275k loan 25% down1695 note paymentLets say 400 taxes 400 insurance (over estimating)2540 payment - 3800 rent = 1260 cash flow minus water and trash Basiclly 200-250 a door @ 15 years (trying to build equity fast)Im doing 15 years cuz i know i can walk in to my favorite bank and they’ll Loan this out to me fast basicly pre approvedNever done this before but already getting bids on contractors and this is what they told me roughly building cost wise (im more experienced in SFR’s)

For example on a house I'm looking atCost- $310,000- 4BR, 2Bath DuplexMortgage (based on RedFins calculator)-  $2,008 / month, which includes taxes and insurance. 

In addition to the mortgage, property taxes, and insurance, the projected calculations are taking the following expenses into consideration (5% rate for vacancy, 5% for repairs/maintenance, 5% for CapEx, and 10% for property management; otherwise the income figures would be higher. 

You let the title company handle all the paperwork.

Hi Guys,Can you Recomand any good Title company in and around Philadelphia PAThanks.

There are often hidden costs--such as: engineer certification of the structure (depending on what the city requires) smoke damage to portions of the unit(s) that are "not affected" additional insurance during the rebuild, sealing the framing that has smoke, etc. 

Kansas City is one of the best cash flow markets in the country due to affordable prices, strong rents and reasonable property taxes and insurance.

Once your Seller Contract is complete you turn it in to a Title Company.

Also, there are meetups for investors at the First Montana Title classroom the first thursday of every month at 6.

Title problems was the only way to get out of a contract without losing the deposit and this qualified, so I was able to get out of this contract relatively unscathed.