All Forum Posts by: Daryl Holtzclaw

I have been presented with 2 properties with 576 units, with the price

, the properties consist of;

Total annual income of both properties; 4,088,316.00

Total annual expenses of both properties; 2,344,761.00

Total NOI for both properties; 1,743,555.00

The vacancy is about 3% for both.

One has an unpaid balance of 8,7205,06.00 with 4.13% interest rate and a monthly payment of 43,645.00

the other has a balance of 7,229,981.00 with a 3.87% interest rate and a monthly payment of 35,011.00

Is this a good deal or should I pass on it?

Any help I can receive on this would be greatly appreciated.

Thank You,

Daryl

I get info from a lot of brokers in different states, since I live in Tennessee, if I do a deal in say Texas, or Florida, where would the closing take place?

I am looking at a multi family property, that is for sale, by assumption only, with a 1% fee plus taxes , should I be interested in something like this?

Thank You, Daryl