Fourplex,,, good deal??????????? - Posted by John

Posted by phil fernandez on December 31, 1999 at 17:26:10:


Not enough info here. What are the actual expenses. How bout the reserves for replacement.

What does the seller need, not want for a downpayment and in what form will he take the downpayment.

What are other 4plexes selling for in your area.

Happy to help with the added info we need.

Fourplex, good deal??? - Posted by John

Posted by John on December 30, 1999 at 16:09:55:

I just finished talking on the phone with a seller, he is fixing a fourplex that will be ready in 2 weeks for Sale - renting.

aprox 2250 s/f
rent can go for the 2/2 $499.00 monthly
and for the 1/1 $399.00 monthly.

property is free and clear, he wants $115,000.00
but will let it go for $99,000.00
they are willing to help with the financing.
I am going to see it tonigth.

need help to review the different creative ways to acquire this fourplex, any ideas
Happy New Year to all you guys