Quad - Plex For Sale in Lake Worth, Florida

[Andre S Walters]

Hello Everyone.

I am a new investor seeking to finally complete my first deal.

I just got a 4-plex under contract.

Quick Specs...

Quad Plex...3 of the four doors are rented.

Price is $790k.

Cap Rate is 8%

Cash on Cash CAP is 14%

My goal is to make $3k assignment fee.

I’m not trying to get rich.

I honestly don't have the money...I was able to negotiate the initial $5k down to be 5 days after initial acceptance of contract.

The initial acceptance of the contract is today Wednesday September 18th.

So the clock is ticketing...my goal is to be able to assign the contract before the 5 days expire because I know I do not have the $5k.

I just want to finally close my first deal and begin creating healthy business relationships as I continue grow as an investor.

I can actually email you much more succinct details if you are interested.

Thanks.

[Wayne Brooks]

@Andre S Walters $1300/mo Net per unit.....seems Very hard to believe. 

What are the Actual numbers?

$200k/unit for LW is crazy high.