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Updated over 1 year ago,
How can I use creative financing or raise capital for a $6.5M 100unit Muti w GRM of 8
How can I make this deal happen? Do I need partner/partners. Is it even possible at this stage. I am just getting started in investing. I'm a licensed Agent in Illinois for just over a year. I don't have an LLC yet. And this lovely looking opportunity just popped up. It's a very rare deal for this area. 100 unit property well maintained.
Gross rent multiplier 7.8.
List price is $6.5 million and the
Annual Net operating income $415,000
Cap Rate 6.4
60% of residents are grad students
Help!
I understand it may not be possible but I'm not interested in that reality, I'm interested in the one where there is a way.