Assistance Needed

[Evelio Gonzalez]

BP community I am looking for some assistance.

I am in the process of negotiating the purchase of 2 duplex in FL. I can purchase the 2 properties for $380,000 and the comps are between 400 and 415K. I am looking for for a creative way to purchase these properties. I have ran the number and got the below results.

Total Cash Needed By Borrower:

$76,000.00

Monthly Income: $4,400.00	Monthly Expenses: $3,268.14	Monthly Cashflow: $1,131.86	Pro Forma Cap Rate: 8.40%
NOI: $34,871.00	Total Cash Needed: $76,000.00	Cash on Cash ROI: 17.87%	Purchase Cap Rate: 9.18%

Total operating expenses:	Mortgage expenses:
Vacancy:	$132.00	Repairs:	$132.00
CapEx:	$132.00	Insurance:	$420.00
Management:	$132.00	P&I:	$1,774.06
Property Taxes:	$446.08	Lawn mowing:	$100.00