Solid rental package needs note buyer. 230k for $6,695.00/month.

[John C.]

We have an opportunity to buy several notes directly from the note holder for 230k.

Package consists of two quadruplexes and three houses with gross rents of $6695.00/month. One quad and two houses in retail area, one quad and one house in rental area. Net rents before debt service, repairs, and vacancies are $5087.82. All properties stay rented. Taxes can be reduced and rents can be increased slightly.

We have a very very short window on this deal. If interested please contact me for additional details.

John Clark
[email removed]

[Dion DePaoli]

That still is not clear.

What is unpaid balance, interest rates, term and amortization of the current notes?

Are the loans currently performing?

I get a sense that you believe the note investor can do something they can not. If the note investor purchases the notes, what are you getting financing for? The note investor purchased and existing loan, which has an existing borrower. What do you mean provide you with financing? For what?

If you are expecting financing for the real property, how are you getting the deed?

Additionally, the balance of the cash flow after what seems to be basic expenses the investor's yield is 8.39%. What is your idea of reasonable debt service?

It seems as if you are trying to stay in this deal in some role but it is not clear what that role is or what value you add the deal. If I buy the note, what do I need you for?