Today I met with my attorney to clean up our contracts on a two house package deal that I have put together. They are two houses next to each other on two separate lots.
I have a contract for both houses to close simultaneously with an assignment clause.
I am forming two LLC's to put the units into at closing.
I used Dean's real estate evaluation tool to determine that I am purchasing each property at 72% below the estimated market value on the evaluation tool.
I am trying to purchase these with a cash partner who will hold a percentage of the corporations for a fee until I can cash out the properties with a fixed rate mortgage.
They will turn a positive cash flow as soon as the tenants move in!!!
I am looking for a partner to do this with in the DG family as well.





