Real Estate Funding and or partnership

[Nicholas Stevens]

Hi BP - I'm looking at purchasing a 5 Unit property in Revere to hold for the long term and a little short on coming up with the down payment to purchase. This is an off-market deal that should cash flow reasonably well and does not need much work at least immediately. If there are any investors in the Boston area that would want to get involved to partner with me please send me a message. I don't think hard money is a good solution in this case but any feedback on other solutions would be welcomed.

5 Units, monthly income of $5,500 and can reasonably be increased to $6,000/mo Purchase price $570,000. Seller willing to hold $100,000 note at 8% interest for 5 years. All tenants pay their own utilities. Vinyl siding, exterior in great shape, newer flat rubber roof.

Again, any investors that would like to discuss a partnership just send me a message to discuss in more detail. Boston Malden Medford Everett Chelsea Somerville