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Updated over 8 years ago on . Most recent reply
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Help me analyze a deal!!
Hey BP,
I have completed the BRRRR strategy once and will finish my second rental reno by years end so I am looking for my next property. There is an investor in my area looking to get rid of 6 duplexes (12 units) asking $462,000, all units are 2bd/2bath, cap rate is listed at 10% and it is in a military town so I don't believe I will have any trouble finding renters, and they will rent for a min $600/mo all day long. So my question is what advice can you give me for financing (I have $15,000 saved) a large deal, and what do you think of the deal itself? I can rent them as is but I would want to go in when the lease is up and put about $5K per unit into it.
Any advice would be greatly appreciated,
Thank you in advance