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Updated about 6 years ago on . Most recent reply

User Stats

32
Posts
5
Votes
Devin Pickett
  • Savannah, Ga
5
Votes |
32
Posts

Is this a good deal?

Devin Pickett
  • Savannah, Ga
Posted

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?

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