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Updated over 4 years ago, 04/16/2020

User Stats

30
Posts
6
Votes
Blaine Kosek
  • Real Estate Agent
  • Chicago, IL
6
Votes |
30
Posts

House hacking multi family owner wants to sell and lease back...

Blaine Kosek
  • Real Estate Agent
  • Chicago, IL
Posted

I analyzed this 3plex and found some pretty good numbers.  Everything looks solid and it can be a nice cash flowing property. 

After talking to the owner he mentioned he’d like to stay and rent for maybe a year after the sale and he doesn’t seem to have that much equity.  When it’s all said and done it seems like he may make around 10-15k, max.

With Covid issues everywhere, we are doing are due diligence to check On the current tenants and the owners employment situation.  As of now, the listing agent claims they all have never been late on rent and they are currently working.  

Owner also filed for bankruptcy last year. 

I appreciate any thoughts you can offer

Thanks 


Blaine 

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