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All Forum Posts by: Account Closed

Account Closed has started 138 posts and replied 186 times.

Post: Investors! 10% down 7 SFR - No DTI

Account ClosedPosted
  • Lender
  • Birmingham, AL
  • Posts 207
  • Votes 11

my mail: [email protected] 

cell 205-452-9853

Post: 10% Down 9 SFR - $4700 Monthly Net Income

Account ClosedPosted
  • Lender
  • Birmingham, AL
  • Posts 207
  • Votes 11

9 SFH - Birmingham, Al

10% Down Payment

Total cost $342,000

Gross Rental Income $6596

https://docs.google.com/spreadsheets/d/1GBkSWwz304Sf3ETH5CeIPLmMH9y98371qTnoDfbDUg0/edit#gid=81569711

Post: Investors! 10% down 7 SFR - No DTI

Account ClosedPosted
  • Lender
  • Birmingham, AL
  • Posts 207
  • Votes 11

We have groups of 5 - 7 groups of SFR

All 7 Homes in Birmingham, Al.
10% Down Payment
Gross Rent: $6,072 monthly / $72,864
Property Management 8% $485 monthly/ yearly $5,820
Expenses: Yearly (T&I) $9,885 / Monthly $823.75
Taxes: $4,886
Insurance: $4,999
Mortgage: $234,000 @ 7% = $1,556.81
Net Monthly $3,204/ yearly $38,448

https://docs.google.com/spreadsheets/d/1GBkSWwz304Sf3ETH5CeIPLmMH9y98371qTnoDfbDUg0/edit#gid=81569711

Post: 10% Down SFR Portfolio

Account ClosedPosted
  • Lender
  • Birmingham, AL
  • Posts 207
  • Votes 11

10% Down- Portfolio 

11 Single Family Properties
Location Birmingham, Al.
Total sale Price: $418,000
Loan Amount: $376,200
Gross Rent: $7,921 Monthly
Expenses: $3333
Propperty Mangament 10% ($792)
Net Income: $3,792

Profit and Loss Statement

Post: First look at this week 10% Down Portfolio

Account ClosedPosted
  • Lender
  • Birmingham, AL
  • Posts 207
  • Votes 11

10% Down / 75% Private Money Financing - Seller hold 15% Second

Private Money 5% - 6% 30 years Amortazation

11 Single Family Properties (can break to smaller group of 5)
Location Birmingham, Al.
Total sale Price: $418,000
Loan Amount: $376,200
Gross Rent: $7,921 Monthly
Expenses: $3333
Propperty Mangament 10% ($792)
Net Income: $3,792

Earnest deposit $7000

https://docs.google.com/spreadsheets/d/1GBkSWwz304Sf3ETH5CeIPLmMH9y98371qTnoDfbDUg0/edit?usp=sharing

email me Directly at [email protected]

Post: 10% Down 7 SFR Birmingham, Al. Portfolio available

Account ClosedPosted
  • Lender
  • Birmingham, AL
  • Posts 207
  • Votes 11

The is a 7 property portfolio, I place private money financing at 5.5% - 6.5% 30 years .

Email me at [email protected] for address 

Gross Rent: $4,755 monthly / Yearly $57,060

Property Management 10% $475 monthly/ yearly $5,700

Expenses: Monthly $882.00/ Yearly $10,583

$264,600 - 10% down

Mortgage: $238,600 @ 6% = $1,430.00

Net Monthly $3,398/ yearly $40,776