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Old 06-05-2004, 12:20 AM  
juice
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Join Date: Jan 2003
Posts: 628
Quote:
Originally posted by DrinkingHard
My mortgage on that building is only $1700 a month and the rental income is $3500

You do the math. I think I am covering the expenses

DH
wow! that sounds too good to be true Whats the catch? I may be missing something but If that was this easy everyone would be doing it.. Do you need to have a ton of money in the bank to get the loan? Any down payment?

And is there any risks? vacancies maybe but how high of a risk is it really for your 4plex?
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