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Updated about 1 year ago,
Need ~$2.0M of Residential RE before year end
This post is a request on several levels: 1) I have an investor client that needs to purchase ~$2.0M of RE (residential and small MF, non-commercial) prior to year end. He has approx $625k cash with which to do that with, so financing a large chunk. Anyone have a few properties they're looking to unload? I'm in Charlotte, NC so prefer here but posting to all locations b/c I'm curious on thoughts for the next question... 2) With a financed transaction how are you finding properties that will be in the black? It would seem that you'd have to buy at a steep discount to market to have a shot at the deal penciling out; 3) Any other thoughts/ideas on how to sell this guy $2M by end of year (he wants the tax write off and is planning to use cost segregation with the properties)? Any and all ideas/thoughts welcomed, thanks!