Buying A Multifamily Investment Property «Mobile»

Today was closing day. Leo stood in the vacant kitchen of Unit 3B, holding a heavy ring with six brass keys.

He was no longer just a guy with a tech job. He was a landlord. He was an investor. buying a multifamily investment property

Six months earlier, Leo had naively walked into a broker's office with dreams of a turnkey, pristine building in a trendy neighborhood. Today was closing day

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

Buying a multifamily property was vastly different than buying a regular house. The bank didn't just care about Leo’s credit score; they cared about the building's income. The inspection was a nightmare. The roof had two years of life left, max. The electrical panels were ancient. A plumbing leak had rotted the subfloor in Unit 1.