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Buying & Selling Real Estate

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Phillip Gonzales
  • Real Estate Agent
  • Phoenix, AZ
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103
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Good deal or not??

Phillip Gonzales
  • Real Estate Agent
  • Phoenix, AZ
Posted Mar 9 2015, 11:00

Hello my fellow BP investors so I have been doing some research and was given a heads up on some properties that are going for sale soon. I have another partner willing to go in on this deal with me but from the notes I took does this sound like a good plan or something that is too big to chew on. We are still trying to see if we would do a blanket loan since there are more SFR's or go commercial.

100% Occupied, 10 Single Family Home PACKAGE

These (10) Properties have a combined sales price of $995,000

All houses are rented with monthly a gross amount of $7,641 or $91,692 annually

I would assume that insurance would be anywhere from 4k-6k annually + maintenance fees 

The sellers are willing to offer free management services for the first year.  

Any advice I would greatly appreciate- cheers 

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