Updated almost 16 years ago on . Most recent reply
7 unit deal
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