cash flow help - Posted by SC
Posted by SC on March 15, 2001 at 20:17:54:
I need help with a cash flow on a 4 unit poroperty I am looking at to buy. This is my first deal and I am scared and nervous and unsure of how to do this. Here it is
> asking price 249k
> 4 units
rent one at 625
two at 650
> total expenses 844.21
> net op income 1663.79
I’m not sure what the financing would be at. I figure
249k at 10% with 15% down would be 1851.736 per month.
This leaves me with a negative 187.946 per month!
Can I raise the rents up to the highest rent of 675 when I take over?
I’m in california is there a law against doing that?
How can I get a positive out of this negative?
oh yea there is an assumable of 72k