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Updated over 4 years ago, 08/15/2020

James Maness's profile image
James Maness's profile image
James Maness
  • Investor
  • from Baton Rouge, LA
  • Member since Dec 30, 2015
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User Stats

58
Posts
7
Votes
James Maness's profile image
James Maness's profile image
James Maness
  • Investor
  • from Baton Rouge, LA
  • Member since Dec 30, 2015
Connect
James Maness
  • Investor
  • Baton Rouge, LA
7
Votes |
58
Posts
Real Estate Deal Analysis & Advice

Apartment Complex

James Maness
  • Investor
  • Baton Rouge, LA
Posted

I am currently looking at a 15 unit complex sales prices$1,350,000. Net rents (minus 5% vacancies) is $170k expenses are $48k. Cap rate would be about 9%. I am thinking of doing a self directed IRA to pay for the down payment and doing a non-recourse loan for the remainder. Any suggestions?

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