Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

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.

Loading replies...