All Forum Posts by: John Varner

Yes please!  Thanks for the response.

I have seen these listings for 6-12 units where the seller wants to sell at one price and "WILL NOT DIVIDE!" I see one that I might be interested in, but I have no idea how a deal could be structured that wasn't 100% cash. Deal is for 9 houses at $390k. I think that's high, and worth bargaining, but even still, the houses range from$45k-$70K each on Zillow. Some are nice. A couple are crap, but rented. Units all rented at $5870/m. Looks like a good cash flowing deal, but is there even a way to get a loan on a package of homes with say $80k to $100k down? And assuming I would like to do a modified BRRRR strategy, how could one refinance one at a time without having to refinance all of them? Has anyone done one of these package deals before for anything other than 100% cash?

I have been on the lookout for a good first rental purchase in the OKC area.  Was looking for multi family and came across a landlord looking to retire, selling a seven rental property for $89,000 outside the metro area.  6 units rent for $400 and a house rents for $700.  Not sure of condition or current tenants, but is it crazy to actively pursue this one for a first property?  I'm thinking even if I had to put 20% and about $50k into updates, this still brings in $3100 a month in rent, leaving about $2000 after expenses.  Thoughts?