Next step in the process?

[Dae’Leon Flucas]

I have found 5 multi family properties in the same complex, if I were to bundle the units and purchase them at asking price(not likely to happen) it would cost $450,000. The net profit yearly would be in the 110-130K range. Closer to 130 bases on the local property value. After running the numbers I would profit about 1600 a month while paying off a 15% interest loan and upkeep. Am I missing something? And what are my options for going about funding this deal?

[Charles Soper]

This seems really unclear, when you say 5 MF properties in one complex what does that mean?  5 condo units in the same complex all individually for sale?  5 duplexes all on the same street/subdivision?

Assuming 5 condos in the same complex, you would likely need to purchase them individually unless they are all the same owner and find a local community bank that would be willing to do a portfolio loan on the group after the fact.

A 15% (!!) interest loan is insane!  Even most hard money guys don't charge that (12 is pretty standard), what's the reason for such a high interest rate?  You're rents better be right in line with the area because if you have multiple vacancies at once that could be a real strain on your cash flow and ability to pay the mortgage(s).

You need to provide more information if you need further help.