All Forum Posts by: Monti Harris

Would seller finance?

and this one... good luck...

5 Units-Apartment building in Passaic County.
100% Fully Occupied, Great Rent. 9% cap Rate.All 2 bedrooms. Tenants pay all utilities.
Call for more info.

** ONLY Serious Investors apply **
* NO AGENTS *
______________________________________________________________________________
** Will Not respond to emails requesting Financials or price without a name, phone number and email address **
______________________________________________________________________________
If you have questions about this property or any Investment properties on the market, please don't hesitate to call or send an email with with your Full name, phone number, email address and a brief description of investment properties that meets your needs.

Thank you

ROBERT GIAMMONA
"RE/MAX Commercial"
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www.njhomesproperties.com

Here is another...

$175000 / 3br - Single Family Home, rental for sale by Owner (Orange) hide this posting

3BR / 1.5Ba available now

apartment

Carlos,

I have no idea of where you are located other than NJ.  I don't know NJ geography very well.  However, I was looking at multi units in the NJ area and found this...is this what you are looking for?

Great Investment Opportunity in Newark!!
2 Family w/ bonus
Unit 1: 4beds 1bath
Unit 2: 4beds 1bath
Unit 3: 1bed 1bath

Specs:
Rents $3200 / Tenants pay own utilities
Turnkey
Driveway
Separate water tanks, gas meters and boilers.

ASKING: $170,000

For more details call or text: local 732 contact 436 if interested 0566

Lived in Indianapolis for decades, just started investing two years ago.  What I noticed is a lot of properties for sale in the bad areas of town by out of state investors.  I hope you don't "trust" the guru's advice that Indianapolis is great, when they don't even know the area.  

Spoke to an investor from Hawaii who bought his bad area property at a REI event.

20 yr Amort., 5% interest, 10 yr note, interest review at 5 yr. 20% LTV.

No, they dont offer 30 yr.  that is not common for commercial notes... seems to be the FED GOV type of loan, a residential style loan.

I went to one with an investor friend in Hendricks county indiana.  if you didnt look at the property before, then you were flying blind.  he bought one and had to write the check for amount on site.  he buys properties at almost all the sales.  he does well.

running the numbers using BP calculator, shows that this is a bad deal, $27.00 monthly cash flow.  Any thoughts on how to make this a better deal?  Can you provide the address?

Is this opportunity still available?

is the property in Amarillo, TX still available?