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Updated over 5 years ago, 05/29/2019

User Stats

12
Posts
0
Votes
Dae’Leon Flucas
  • Flipper/Rehabber
  • Apple Valley, CA
0
Votes |
12
Posts

Next step in the process?

Dae’Leon Flucas
  • Flipper/Rehabber
  • Apple Valley, CA
Posted

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?

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