Hi everyone,I'm currently negotiating a real estate deal and would appreciate some advice on how favorable this offer sounds:Price: $3,170,000.0017 units50% down payment5% interest rateBalloon payment in 3 to 5 yearsThey're open to either interest-only payments or an amortized loan structureAdditionally, I'm trying to secure the best financing option available.How does this deal compare to the current market?

Those people could be private money investors, or investors that can bring you deals! 

I thought I'd share a few deals from time to time of what I'm underwriting to help anyone out who's learning how to underwrite and comp deals.

What made you interested in investing in this type of deal?

Obviously there's a lot I don't know about your deal, but using napkin math and your figures, Id go for it - I think $1600-1800/month is realistic depending on the area at that valuation (just guesstimating the neighborhood quality based on ARV).

I am in South Carolina also and have extensive experience dealing with purchasing and selling properties with title issues.

Meet with local agents, investors, and mentors for tips and possible deals.

However, I did not take the necessary steps as I was hesitant due to lack of funding and having potential buyers for deals.

What made you interested in investing in this type of deal?

Kar,It sounds like you’re dealing with a diva tenant.