Long time Reader first time poster. I purchased the SFL system and have dove into this 100%
I have found a 4 unit property that can cash flow 1500$ a month I'm looking to purchase.
Its listed at 200,000 property in Southern California and has 3 units with tenants already and 1 vacant unit
the tenants and rents are as follows
1b1b currently rented at $880 a month by long time renter
3b1b currently rented at $650 a month by long time renter
1b1b currently rented at $750 a month by long time renter
3b1b currently not rented
Mortgage on 200,000 prop with interest, PI and taxes would be around $1350
the current 3 occupied units already bring in $2280 a month!
the 3 tenants are already making OVER this monthly mortgage payment including prop tax and interest and Insurance.
A 4th tenant at 850$ a month would bring the cash flow of this property to over 1500$
I can not find a Hard money lender who will loan on this deal because there are not many comps on multi unit properties in the area and also because they want to all loan on ARV but the prop is currently occupied and turn key. It needs next to no work.
I have been overly conservative on these numbers and it still cash flows extremely well. The property has been on market less then 5 days and is a true deal.
Anyone willing to learn more and/or partner please private message me on here and ill give you my personal cell number and or email
I have 25k Liquid Cash perfect credit and more in Retirement accounts and Stocks please call ASAP this deal will not last.
Long time Reader first time poster. I purchased the SFL system and have dove into this 100%
I have found a 4 unit property that can cash flow 1500$ a month I'm looking to purchase.
Its listed at 200,000 property in Southern California and has 3 units with tenants already and 1 vacant unit
the tenants and rents are as follows
1b1b currently rented at $880 a month by long time renter
3b1b currently rented at $650 a month by long time renter
1b1b currently rented at $750 a month by long time renter
3b1b currently not rented
Mortgage on 200,000 prop with interest, PI and taxes would be around $1350
the current 3 occupied units already bring in $2280 a month!
the 3 tenants are already making OVER this monthly mortgage payment including prop tax and interest and Insurance.
A 4th tenant at 850$ a month would bring the cash flow of this property to over 1500$
I can not find a Hard money lender who will loan on this deal because there are not many comps on multi unit properties in the area and also because they want to all loan on ARV but the prop is currently occupied and turn key. It needs next to no work.
I have been overly conservative on these numbers and it still cash flows extremely well. The property has been on market less then 5 days and is a true deal.
Anyone willing to learn more and/or partner please private message me on here and ill give you my personal cell number and or email
I have 25k Liquid Cash perfect credit and more in Retirement accounts and Stocks please call ASAP this deal will not last.
-Jeff Iannone