Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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,

User Stats

23
Posts
4
Votes
Aaron Gilmore
  • San Diego, California
4
Votes |
23
Posts

Investment Opportunity Kileen, TX Apartment Complex Funding

Aaron Gilmore
  • San Diego, California
Posted

In Killeen, TX there is an apartment complex for sell at $285,000 currently. I'm looking for any help to find a way to potentially fund this and any opinions about whether the deal is any good. After running my numbers it looks like a great opportunity if I could find a way to fund it. 

The property is two buildings with total units:

4 - 2bed/2bath --- which according to rentometer could rent at $550, so I assumed $500

10 - 1bed/1bath --- which according to rentometer could rent at $440 so I assumed $400

Total income - $6,000

Total PITI comes to about $1,800

And after assuming even $2,000 a month of expenses ... that leaves $2,200 in cashflow.

Any help on this would be greatly appreciated. I am new to investing and have been trying to get involved for about 6 months. 

Thanks everyone 

Aaron Gilmore

Loading replies...