Quote from @Melanie P.:
Quote from @Jefferey Eutsay:
I'm considering making an offer on a 36-unit multi-family property. I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options
You posted this same thing three times - in two it was a 36 unit and in the third a 32 unit.
Do you have any other details about the transaction or perhaps wish to share your initial analysis so the volunteers here can poke holes in it or tell you why you're right?
Based on the tenor of your posts, I've got to ask - do you have your primary residence squared away? Because that is the first investment anyone investing in real estate should make.
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My apologies. 32 units. I will potentially move into one of the units for some time
Purchase Price: $1.98M
Assumable Existing Financing: $1.18M @ 3.48% ($5,563/month) Seller Carry: $300k @ 3.5% (5-Year Term)Down Payment: $525k (Buyer to Bring)Buyer pays all closing.
