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Updated over 6 years ago,

User Stats

63
Posts
17
Votes
Jason Gott
  • Danville, IN
17
Votes |
63
Posts

What would you do...?

Jason Gott
  • Danville, IN
Posted

So let me start off by saying I am still new to real estate investing so go easy on me, but not too easy (I'm still a man dammit!).

Let's say I found an 8-plex that has been without love for a few years Estimated 20k repairs (Brick, 10yr. old roof, 100% rented, gutters falling off, needs paint, shrubs grown up, etc., etc.) Each unit brings in $650 for a total of $5200/mo. Expenses include: Taxes $3000/yr., Insurance $400/mo (might be cheaper) Tenants pay utilities. 10%managment, 9% repairs/maintenance, 9% Capex, 5%vacancies.

Listed for 330K but I know I need to buy it for 228k.  Not a lot to put down and trying not to use all of my cash.

I know it's a solid deal and the numbers work in my favor but the question is,

How would YOU pay for this deal if it was YOU?

-Seller Financing?

-Partnership?

-Hard money?

-Private Money?

-Lease options?

AND GO!

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