7 unit deal

[Dennis Xenos]

Thoughts on this Deal...

Sale Price - 350k
Downpayment of 150k
owner to hold financing for 4 years, to be paid @ anniversary of closing 50k per year

In this scenario i have a credit line @ 5.25%

expeses are about 43k (if conventional financing was persued @ 6%)

gross income @ 100% occupancy $73k

(6) 2 bedrooms
(1) 1 bedroom