Hello REI members:
First, thanks for reading my post. I look forward to hearing what you all may think. Currently, I am embarking on a new opportunity. I have an interest in acquiring 3 SFR for the purpose of lease optioning . The scenario is as follows:
Goal: Owner Finance for a max of 10 years, Interest between 7-10%, Down Payment of $2-4K.
FMV: $75K each
ACQ, Rehab, and Closing: $45K
Does this seem appealing program?