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Updated about 4 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
Michael Van Brunt
  • Real Estate Agent
  • Cameron, MO
3
Votes |
16
Posts

Need some advice please

Michael Van Brunt
  • Real Estate Agent
  • Cameron, MO
Posted

I am considering purchasing a package of town homes. The numbers show 15% CoCROI using the rental tool on BP and I think it is in an area that has potential to grow in years to come.

1-What are your thoughts on town homes?

2-Any advice on creative financing? I only have 35% down and I don't know if there is enough cash flow to entice a partner.  I have never used a hard money lender so if you have a recommendation that would be great. If I asked for owner financing what terms would be appropriate? 

Any advice would be appreciated. Thanks

  • Michael Van Brunt
  • Loading replies...