Buying A Multifamily Investment Property | Instant & Fresh

He almost backed out. But instead of walking away, he used the inspection report as a weapon. He went back to the seller. "The property needs $30,000 in immediate repairs," Leo argued through Elena. "Drop the price by $20,000, or I walk."

Leo had spent three years living like a monk, saving every bonus from his software sales job and analyzing hundreds of spreadsheets. He didn’t want a single-family home. He wanted a multifamily property—an investment where other people's rent would pay his mortgage. buying a multifamily investment property

Leo felt a wave of panic. He was about to tie up every cent of his savings into a money pit. He almost backed out

He was no longer just a guy with a tech job. He was a landlord. He was an investor. "The property needs $30,000 in immediate repairs," Leo

A quick test to see if the monthly rent equals at least 1% of the purchase price.