Is This Deal Worth Pursuing???

[Tara L.]

ALL:

Good afternoon. Can you please tell me if I should pursue this deal and if so, what type of purchasing options would you propose to the seller:

The person is selling 7 SFHs for a total of $98,000.00

He's currently getting a total of $2,500.00 per month in cash flow from the properties(they're all rented at the moment).

I'm not sure of the condition of the homes just yet because I haven't visited them. In the event that the homes are in decent condition, do you think this is a good deal?

Lastly, for a person who does not have $98,000 cash to purchase the homes, what would you suggest in terms of financing? Also, I'm open to any creative methods you may have also to work out with the owner.

Thanks in advance for your response.

V/r,

Tara