Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
4 house package deal
Hello biggerpockets community, I'm looking at a deal right now that is 2 triplex and 2 single family homes all in the same town. The owner owns all the properties outright and will consider carrying if the deal is right. She wants to move out of state to be closer to family. She's in her 70's and has had some health issues. She has told me a couple times already that she is motivated and would like to sell them all together as one package. She even said she would consider lower the price if I bought them all and had a descent down payment. I have access to private money at 7.5% interest rate that can be ready at anytime. The town they are in has a strong rental market with increase job growth. Since it would be a lot to take on right away and I may consider wholesaling or flipping a couple if the deal is right. I'm looking for advice on how to put this deal together that will be a win win for both of us.
1. Triplex asking 290k total rent is $2315 with room to raise
2. Single family with basement asking 180k total rent is $850 and basement is $600
3. Single family asking 135k total rent is $725 and basement is $475
4. Triplex asking 200k and total rent is $1325 zoned commercial or residential
thanks
Levi