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Updated over 5 years ago on . Most recent reply
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Help me analyze a deal please!?
9 single family properties
Total price for all 247,000
I want to offer 80% since it’s a package deal= 200k
Monthly amounts-
Gross rents equal $5125
Costs= 2350
Net=2775
I would have 20% down and pay myself back in 15 months the money I initially put into the deal.
Is this a good deal, I have never bought a package deal like this that is turn key.
Thank you!
Most Popular Reply
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I would check all the big ticket items on the properties, Some of the SFH could be a wolf in sheep clothing. Check roofs, foundation, furnace, plumbing, etc. Imagine 3 roofs or foundations are bad on the houses. The deal doesn't look so good now. You could walk or negotiate lower price, negotiate repair funds, etc. Bulk is sometimes not best with SFH.