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All Forum Posts by: WILLIAM ALLEN

WILLIAM ALLEN has started 1 posts and replied 2 times.

Real Estate Deal Analysis & Advice

Post: MIAMI CONDO DEAL IS SWEET BUT SHOULD I PULL THE TRIGGER?

WILLIAM ALLENPosted
  • Commercial investor-Wholesaler
  • Flint, MI
  • Posts 9
  • Votes 0

Thanks Jeff, Steve & Dion!

The reason we asked this question here, was to get an idea what the experienced professionals here had to say about this deal! That the only reason I listed it as " a sweet deal". Whenever anyone gets a chance, please message me, as this deals actual numbers, are even more amazing that the discussion mentioned! I am looking for a great negotiated partner, to go 50/50 with!

0 Votes
Real Estate Deal Analysis & Advice

Post: MIAMI CONDO DEAL IS SWEET BUT SHOULD I PULL THE TRIGGER?

WILLIAM ALLENPosted
  • Commercial investor-Wholesaler
  • Flint, MI
  • Posts 9
  • Votes 0

I need your advice BiggerPockets! We just received a Miami Fl. deal on a seaside apartment & condo combination. Which is selling for 17-million, while producing an NOI of $ 798,798,550 a year. Which has caused our calulations to come out to the 246-units only being worth approximately $7.8 million. Which would be at a 10% cap rate. We are prepared to make our offer at 10-million, would you do this, and wait on your return on cash?

BIG DECISION HELP!!!!

0 Votes