Looking for financing options

[Sam Erickson]

Hey everyone, so I came across was appears to be a solid investment opportunity. My hurdle, like most is capital on hand for down payment. Below is an overview of the deal.

9-unit, 3 story brick apartment building. Building is 100% leased at $750/per unit/ per month. If asking price was paid, assuming a 20% down payment and the 50% rule for expenses the property would cash flow $2,198/month.

I'm also open to other creative financing my fellow BP members have used that you think might work here.

Cheers,

Sam

[Brian Gibbons]

as @Joe Fairless said,

Or MLO for a low NOI, get a cash flow increased by improving cash flow-

-increase rents after improving units w paint, carpet, etc.

-decrease expenses,

-better more effective management

See

http://www.biggerpockets.com/forums/32/topics/67395-information-on-master-lease-options

My buddy @Bill Walston has done 20+ of these.

Best wishes,

Brian