The Creative Financing Podcast
Business:Investing
Offer Structuring On An 8 plex 9/19/20
Pt. 1- On this series we go in depth on structuring terms on an overpriced property. This is a hard one and I really had a hard time coming up with my own offers so get your calculators out and see if you can come up with your own offers...
Here is the key notes-
Asking too much to wholesale. Too much to buy with own cash . 8 unit townhomes, 2bed 1bath. Could be sold individually. Free and clear asking 649K, prefer cash or short term financing 2 years or less. Rent $5,150. Tenants pay for electricity and water. Market rents are 750-800/month. Long term tenants. Low rents
Property Info:
Taxes- 6K
Insurance 3800
Landscape- 840
Management- 4800
maint/repairs 4800
Utilities- 3000
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