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Updated almost 5 years ago,
HML or PL to make this deal
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.