We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
June 19, 2021, 03:18:50 am
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
June 19, 2021, 03:18:50 am
Home Help Search Calendar Login Register

Author Topic: INVESTORS  (Read 1066 times)

Offline CAB

  • Member
  • *
  • Posts: 1
INVESTORS
« on: January 30, 2008, 10:23:37 am »
have a signed contract for a 10,000SF retail building located in a prime location in PA. At $50 a SF to build which is very conservative the building is worth $500,000. Add the land we are looking at $700,000.

My contract to purchase is $130,000. This is a REO Bank property. There is a house on the property that I will sell at $70,000. Actual cost to acquire this property is $60,000!

I am thinking a LLP with silent partners. They can get a tax credit and possibly interest.

The income potential depending on use is $80,000+ a year.

Please respond ASAP.

Thanks.

Clyde

 




SMF 2.0.15 | SMF © 2017, Simple Machines