Another New Rental Offer
Good Morning BP community,
I recently was able to find a seller fianance deal from a real estate investor who wants to reitre and seller fianance all her properties to have a cash flow. I was given a offer to take all three properties but I only see possible potential in one.
Lange Street: 2 Unit currently rented for $850 each unit. She owns Free and clear. $100,000 at 5.5% no money down. 30 years
Larkhall Rd: single family $90,000 currently rented for $1100. Owns 80,000 on it still (641.90 monthly) plus $10,000 at 5.5% no money down 30 years.
2nd Larkhall Rd: single family $90,000 currently rented for $1100. Owns 75,000 on it still (620.55 monthly) plus $15,000 at 5.5% no money down 30 years.
I ve been tryig to play with the numbers. What do you think? Are the ABC streets even worth investing in?
Thank You Again,
Lukasz
@rob gribben