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Updated almost 5 years ago,

User Stats

305
Posts
88
Votes
Remone R.
  • Auburn, WA
88
Votes |
305
Posts

HML or PL to make this deal

Remone R.
  • Auburn, WA
Posted

Any HML or PI that do deals in Arkansas?

Under contract on 17 townhomes sold as a pkg and having trouble going the traditional banking route. A brief synopsis-

Purchase price- 495k( 29k each unit)

GI- 85k

Noi- 25k

There are 6 vacant units as this property is mismanaged by out of state owner

With rehab of 6 units and all units up to market rent

GI- 158k

Noi- 98k (using the same expenses as of now)

So we are purchasing these townhomes at 29k each but there are comps in the area btw 53-63k.

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