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

Welcome, Guest. Please login or register.
September 29, 2022, 09:23:17 pm
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
September 29, 2022, 09:23:17 pm
Home Help Search Calendar Login Register

Author Topic: 5 UNITS 1 PRICE  (Read 1994 times)

Offline jackleon

  • Member
  • *
  • Posts: 1
5 UNITS 1 PRICE
« on: October 16, 2013, 01:27:08 pm »
A burned out landlord contacted me yesterday with 5 units- a duplex- each 2/1 with a house in back- a 2/1
another duplex each 2/1
2 houses each 3/1.
All rented with long time renters. All  remodeled within last 7 yrs. Rents are below market rent. $2800/mo.
She wants cashed out- no sub to, no owner financing nothing fancy.
I ran comps on zillow, eppraisal and toledo home values
come out to about $180k. She wants $95k, open to an offer.
Located in east Toledo,ok neighborhood.
Advice please.
« Last Edit: October 16, 2013, 06:46:35 pm by Mdhaas »

Offline Randoskie

  • Member
  • *****
  • Posts: 1282
Re: 5 UNITS 1 PRICE
« Reply #1 on: October 17, 2013, 12:11:34 am »
Wow if u had credit and could agree to an 80-90K price, then with a  decent low interest rate you could have one heck of a positive cash flow.
Or even find a partner with credit.
Or Wholesale it to one of the local investors for a fast 20K assignment fee. 
Or get a realtor to help you sell it for 150K and make a clean 40K+
Or, I will take it off your hands for $10,000

 




SMF 2.0.15 | SMF © 2017, Simple Machines