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Updated over 7 years ago on . Most recent reply

User Stats

24
Posts
1
Votes
Brandon Blessed
  • Real Estate Investor
  • Hallandale, FL
1
Votes |
24
Posts

Multi family property

Brandon Blessed
  • Real Estate Investor
  • Hallandale, FL
Posted

What would you do?

6 bldgs

19 units

1st bldg ------ 8 2br units

2nd bldg ------- 4 2br units

3,4,5 bldg ------- duplexes 2br/2ba

6 bldg ------- SFH 3br/1ba

Fully occupied

$8,600 monthly rent average.

In the neighborhood/state used to live in. So you familiar with the area. How would you 💯 % finance this ?

They want $630,000 for everything.

No experience no property manager.

Most Popular Reply

User Stats

3,926
Posts
4,385
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
4,385
Votes |
3,926
Posts
Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Replied
With no experience it will be extremely difficult to find someone to loan you $630,000 without you bringing something to the table. I'll turn the tables on you. If you had $630,000 to invest, would you give it to someone with no experience and no financial ties to the property?

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