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Updated over 5 years ago on . Most recent reply
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PRESENTED DEAL BY REALTOR
Hey there, I'm working with a realtor to purchase my first investment property. She presented a bundle deal of 25 SFH with the following information--
Bundle price-$1.325 million
Properties amount-25 doors
Total monthly rental revenue--$16k
1.21% of the 1% rule
We're pending confirmation but the realtor was advised that all units are rented. I also know that this is a lot to take on for the first deal, but with our novice eyes it appears to be a cash flowing proposition.
Here are a few questions--
a) What else would you look for in a deal like this?
b) What are you thoughts on the value of this deal?
c) My partner and I don't have funds for a cash purchase. How would one be creative with their financing?
d) And those who have a lot of experience in this, what counsel do you have?
e) Also, if you are interested in partnering with us in this deal I'll be happy to discuss
Thanks in advance!