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Updated almost 5 years ago,
Would you do this deal
13 unit 2 buildings
Income: $125,440
Expense: $70,321
NOI: $55,119
Loan: 12 month, $35,000
10% interest only payment
$3,500/12= $291.67
21.8% IRR
12 month Ballon = $42,000
$42,000 - $35,00= $7,000
Payday #1= $3,500
Payday#2= $7,000
= $10,500
Would you guys do this.
Any questions comments concerns.
I’m all ears.
Thanks
Dejesus