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Updated over 9 years ago on . Most recent reply

I NEED A HARD OR PRIVATE MONEY LOAN ON A TURN KEY INVESTMENT
I have a property in my target area that im looking to buy buy need funding. Its a 3 unit building in Gary, Indiana. All units are fully rented. One tenant has been living their for 7+years. Heres the numbers provided from seller.
Basement unit rent-$415 a month-7+ year elderly tenants
1st Floor-$550 Rent 2nd Floor-$550 Rent Total=$1515 a month/$18,180 per year-This will pretty much break even only with the basement rented.Yearly taxes-$1344.82 Monthly Insurance-$85.00 Replacement cost value 2484 sq x $65 a foot Grass-$30 a month Water/Utilities/Garbage-Roughly $150 a month
Property is under professional management charging $500 for tenant placement first month and 10% per month to collect rent, manage, place tenants, do repairs and bookkeeping etc.
Property has had $4000 for tenant make ready when purchased last year 1 unit had new floors installed in the bathroom recently-around $1000
Asking price is $30,000 Property is free and clear
Can anyone provide funding or help me figure out how i can purchase this property.?
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