Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Help with Quadplex deal
Ok, working through the analysis on this deal and I am hoping for some feedback. It is a 1984 Quadplex totaling 3670 sq. ft.
Unit 1 - 4 b/2 ba Rent $725
Unit 2 - 1 b/1 ba rent $500
Unit 3 - 2 b/1 ba rent $625
Unit 4 - 2 b/1 ba rent $575
Total Rent $2,425
Asking price is 200k, DOM 101. All units currently rented on 1 year leases.
What are some creative financing strategies that I could utilize? Not sure on the ARV for the property, but it probably is not much higher than 240-250k. I have roughly 6-10k of my own money that I could throw at this deal.
Could Hard money work on this deal? I feel like the margins are to tight.
What about part hard money, private lender?
I guess what I really want to know is what would Brandon do?