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Updated about 14 years ago on . Most recent reply

Gabriel A.'s profile image
Gabriel A.'s profile image
Gabriel A.
  • Lien Investor
  • from Fayetteville, Arkansas
  • Member since Jul 22, 2010
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Gabriel A.'s profile image
Gabriel A.'s profile image
Gabriel A.
  • Lien Investor
  • from Fayetteville, Arkansas
  • Member since Jul 22, 2010
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Gabriel A.
  • Lien Investor
  • Fayetteville, AR
4
Votes |
53
Posts
Creative Real Estate Financing

Analyze This Deal

Gabriel A.
  • Lien Investor
  • Fayetteville, AR
Posted

29 units in Midwest.

Asking Price: $1.1M
$875k of which is in assumable loans.
PITI: $9319

$14,925 in rents collected if 100% full. I have data for last 24 months, average actual collected is around $12.5k/month.

The owner has been doing the maintenance himself, so it's hard for me to budget for that.

Is there any price at which this looks like a decent deal?

Thank you!

Gabriel

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Jeffrey K.'s profile image
Jeffrey K.'s profile image
Jeffrey K.
  • Real Estate Investor
  • from Milwaukee, Wisconsin
  • Member since Jul 22, 2008
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Jeffrey K.'s profile image
Jeffrey K.'s profile image
Jeffrey K.
  • Real Estate Investor
  • from Milwaukee, Wisconsin
  • Member since Jul 22, 2008
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Jeffrey K.
  • Real Estate Investor
  • Milwaukee, WI
671
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1,312
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Jeffrey K.
  • Real Estate Investor
  • Milwaukee, WI
Replied

The only way this would work is with a short sale. You could ask if the bank is involved if you dont care about pissing this guy off.

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