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Updated about 6 years ago,
Is this a good deal?
Good Morning,
I have a owner finance deal on my hands. 3 Units total. A store front that is vacant with a hair salon in the back of it. It also has a house that being rented. Seller is asking $130k with 7 % interest and only $5k down over 15 yrs. All three unit when fully rented bring in $1675. My issue is the current Landlord pays the lights, water, insurance, and lawn care witch equal up to $530 per month. How can I make this a deal?