All Forum Posts by: Kyle Griffin

Need some information:

Ideally I'm looking for NPNs, In the residential area and also PN's in the residential area. Looking for 3 bedroom and 2 baths $100,000.00 and up in decent to good areas. Where in the world can I find this type of structures. The money is there but can't seem to pinpoint these types of multiple single family home structures packages.

Help~!!!!

Hello Everyone,

I need some help in regard to this: 

The property is a four unit all single metered 1 bedroom and 1 bath. The seller would like to sell the property for $90,000.00. 

The tax value of the property is $165,000.00. Currently all occupied.

I was wondering if possibly looking in to hard money lending would be a good advise. I would do about $20,000 in repairs. Don't have the money for the repairs so going through a hard money lender might be ideal. Please help me with some information on if this would be a logical thing to do. I don't want to sale the property but hold the property and refinance out. How long would I need to be at my present job to refinance?

Thanks,

Thank you all for the honest opinions. It has been very helpful, I'm going to pass on this deal!

Sorry: No current rents, as the home is not occupied.

Josh,

Thanks for the reply. Its just a big single family home I guess you could say, with four rooms on each side of the house. That's a great point with the bathroom situation but I remember staying in a setup like this when I was at Georgia Southern for a year. The sharing bathroom sucked but whoever owned the home was making a profit for sure. It was all guys in the house so the sharing a restroom was not too bad.

Hello Everyone,

I'm considering a deal that is with an owner finance structure for a multifamily dwelling. The investment will feature an eight room 1 bath that situated between two big colleges here in Augusta, Georgia. Currently the deal is structured as follows:

Price: $42,000

Down Payment: $4500.00

@ 4.5% with a 5 year balloon.

How would you guys structure this deal and if I am catering to students how would you structure the rent amounts and etc.? 

Hello Everyone,

Just wanted to introduce my profile to this outstanding group of professionals. Look forward to one day having and extensive portfolio as many of you guys have. Its truly a blessing to read and learn from this website. I am a real estate investor from Augusta Georgia who currently only has acquired two properties. Looking to connect with investors in the Augusta, Georgia area and beyond! Interested in owner financed structures and ways to continue the success as many of you have done.