I like to get some advice and comments if this is a good deal to go in.Looking into rental income and future capital appreciation.
This is our first family investment,any suggestion what type of entity to set up?
24units apartments in central east Austin.Nearby the near children hospital-redevelopment area.
per unit price=$23,000,total purchase price=$552,000
Will be managed by ourselves.
Section 8 rental income of $450 per unit.95% rented.
Build in 1972.
Able to come up with 20% deposit and 80% loan from bank.
Looking forward to hear from you