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Updated about 2 years ago on . Most recent reply

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32
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6
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Advice on raising capital for 22 unit

Posted

Have a property with a lot of potential. 

100% occupied 22 units 

storage facility

laundromat 

under market rents (haven't been raised in 10 years) 

needs work est. 150k but not all needs to be done right away. 

I'm big on creative financing, seller is willing to finance but wants 20% down on 2 million.

I'm starting to reach out to my circle a couple interested but way short of my goal. Looking to get into RE groups to network more but the deal is real good. High cash flow and equity and multiple income property.

looking to get advice on how to raise money to help with this deal without putting any of my own money in. 

Most Popular Reply

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15
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6
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Replied

water Submetering system for your property, help increase the noi and reduce the water consumption by 25%-30% monthly.  Having a system in place will increase value as well, it pays for itself over time and not a huge financial obligation.  I can help you with this if interested. 

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