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Updated almost 8 years ago on . Most recent reply
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20 Unit deal
Hi BP,
I have a very interesting deal under contract and I wanted to get your feedback on somethings.
These 20 units are compromised of 4 different tax parcels, 6plex, 8plex, and 2triplexes all on the same street.
1. Is there a lender or private investor that would do a blanket type loan on all 20 units?
2. What type of equity or ROI should I offer investors?
3. The 8plex needs a full rehab, should I try and raised that capital as well as the down payment?
4. I have a 60 day due diligence period what type of things should I look for?
5. What are some ideas to add to the units while renovating them to attract higher rents?
I know this is a lot of questions, you can answer 1 or all 5 or PM and we can talk about some details,investors, etc.
Thanks again BP, it's a great community and a wealth of knowledge!
Most Popular Reply
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Hi Guys,
Can we just put an end to this back and forth.
I'm not wholesaling anything. I have this property under contract and I'm going to close it.
Never did I Say "wholesale deal" for sale!
I'm just trying to get a conversation started and relationships built!