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Updated almost 8 years ago on . Most recent reply

Lauren Brown's profile image
Lauren Brown's profile image
Lauren Brown
  • from Memphis, Tennessee
  • Member since Dec 29, 2014
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Lauren Brown's profile image
Lauren Brown's profile image
Lauren Brown
  • from Memphis, Tennessee
  • Member since Dec 29, 2014
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Lauren Brown
  • Memphis, TN
4
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16
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Real Estate Deal Analysis & Advice

How to analyze a package deal to wholesale

Lauren Brown
  • Memphis, TN
Posted

Hello Bigger Pocket members. I am seeking your advice on whether the below is a good wholesale deal to pursue. There are 5 properties located in Memphis TN. The owner will only sell them as a package.

Asking Price: $215, 000 for all 5 properties; avg price is $43,000
Properties are mostly 3 bedrm 1 ba; rents avg. $550/mo.

100% leased (with cap rate between 9-11% on this package. 

Nice properties for cash flow. I need help on analyzing package deals. Any suggestions? Thanks.

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Dean Letfus's profile image
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Dean Letfus
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  • from Memphis, TN
  • Member since Nov 11, 2012
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Dean Letfus's profile image
Dean Letfus's profile image
Dean Letfus
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  • from Memphis, TN
  • Member since Nov 11, 2012
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Dean Letfus
  • Specialist
  • Memphis, TN
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Dean Letfus
  • Specialist
  • Memphis, TN
Replied

550 rents will be a C- to D area. Sounds like a terrible deal at that money.

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