Could I Do Anything Creative Here?
There is a 4 family for sale near where I live. The price is $180,000. Rents are $440 a month each. NOI is only about $10,000 mainly because property taxes are $4,500 a year. I know the cap rate on this is low. I can get %100 percent financing for a rental but obvisouly I wouldnt be making anything this route. Is there something creative I may be missing or is this just too pricey unless you can put down a large sum of money?
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