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 over 6 years ago,
What would you do...?
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!