All Forum Posts by: Joshua Jordan

We’re in the early stages of building a 16-bed assisted living and memory care facility in the Southeast, and it’s shaping up to be a solid opportunity. The demand is high, and the numbers are looking great. We’re looking for passive partners who want to see strong returns and be part of something meaningful—making a real difference in people’s lives. If this sounds interesting, let’s chat and see if it's a good fit for both sides.  

Looking for a money partner on a 45 lot park with 2 houses and a fourplex. All low-income housing. Owner will finance with 30% down at 6.75% over a 20-year term.

Asking Price: $1,875,000

Income and Expenses per the owner

Monthly income: $29,060

Monthly Labor: $1,480

Monthly Water: $200

Monthly Insurance: $250

Monthly Taxes: $200

Monthly Supplies: $800

Looking for someone to supply the down payment. We will implement a full-time property management company.

https://www.biggerpockets.com/buy_and_hold_results/983509.pdf?c=1551143241

Thank you for the clarification Susan.  

I am in the same situation as you Michael with a fourplex.  I have heard from a source that one must wait at least 6 months until the eligible refi period.  Although, I am not sure how true this is.  

I have also considered selling the property as soon as I am able too.  Due to certain tax laws in Mississippi, you do not pay capital gains taxes on your first $250,000 if you live in the property.  I would check your area.  Good luck on your house hack!
  

Networking is key in the commercial real estate business.  The purpose of this meeting is to get acquainted with commercial realtors and investors on the Mississippi gulf coast.  We will casually exchange ideas and contact info in order to develop relationships that will become profitable for us all!  Look forward to seeing you all there!

I would also like to know how this worked out for you Mike.  I am contemplating a similar strategy.   

Josh

If this is still on the market please email to [email protected]

I am currently living in Nola and looking for a 4plex

I have a 5 unit apartment complex under contract in Gulfport MS.  This was acquired from a motivated seller who wants to liquidate his property and retire.   3 units are already rented out and 2 units need $3,000 in repairs each.  Based on market rents, the property will bring in 2500-2800 gross monthly.  The property is in a C+ area.

What do you get for your 26k?

12 months of 50% of the cash-flow.

Then I will refinance and buy you out with 20% return on your money.

For more information please email me at [email protected]

Hi Josh, If this property is still on the market please contact me and send the details to [email protected]