Multi-family 40 units in Alabama - update on the deal - we were able to negotiate the price of the food…
Multi Femmi 40 Units in Alabama - An update on the deal - We were able to negotiate the cash price and it dropped to $ 225,000!
The owner of the transaction has already reached the default position on the loan and the property is foreclosure!
As a result, we have received special and improved prices!
The price went down in another $ 225,000!
We also did a tour of the property and it needs renovation:
1. If you leave the property as a rental property - a $ 200,000 renovation will suffice
Due to the new data, here are the options for investors interested in the transaction:
A cash sale of the property as it is - $ 875 - must be a quick and immediate deal
Option 2: Wholesaling!
Know someone who can take the deal - we pay a referral fee of 10 thousand dollars
For a deal that you close with your help and pass on our contract to his name!
Option 3: Enter with 3 investors for the cash deal and renovation
We also put money into the deal - $ 75.
Beyond the bargain, we will also manage the work with the contractors, optimize the Hud contract, management companies, suppliers, insurance, etc.
Total equity to have $ 1,350,000
Price per door after renovation: $ 33,750 - for a new property!
That's according to Cap Wright's 8th.
Business Plan - Make an 80 percent refinance after the renovation - spend about $ 1760000
And we will have new apartments!
+ $ 75 from the forum
Total account: $ 915 to close the deal + fees and Speyer
$ 120 for each of the three investors after about a month of finding the right contractor for the renovation
Total: $ 360,000
Option 4: American strategic partner - GC - with knowledge of renovations
https://www.forumnadlanusa.com/הכוונה-אישית-להשקעת-הנדלן-המתאימה-לכם/
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