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Updated almost 4 years ago on . Most recent reply

User Stats

16
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0
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Robert Henley
  • Investor
  • Alabama
0
Votes |
16
Posts

Investing in a 8 garden home deal worth 1 million dollars!!

Robert Henley
  • Investor
  • Alabama
Posted

I'm working on a 8 unit deal and all occupied from a builder. And the units are nice and so are the tenants, but the cash flow is tight. I can put 15% or 20% down, and the cash flow with management is maybe around 1000 dollars. I know this may be a bad deal but I need Help. Its coc is 6% with management. 

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1,109
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898
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Mike Wood
  • Developer
  • New Orleans, LA
898
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1,109
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Mike Wood
  • Developer
  • New Orleans, LA
Replied

@Robert Henley I doubt you will be able to find financing at 15-20% on a commercial loan (and if you could, the low cash flow would likely not give the banks a good feeling to allow a low down payment).  There is no way I would invest $1m for $1000/month in cash flow, to me those numbers suck. 

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