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Updated over 5 years ago,
Help with purchase of multi-family property
Hello BP fellows,
There is a multi-family property with 5 units in the Fort Lauderdale area priced at $599k that has an average occupancy of 100%, cap rate of 6.53. The current lease is $925 - $975 p/m grossing $57,180 per year, netting $39,118 p/y after expenses. How do I present this to a lender without requiring to put any money down?