20 Unit deal

20 Unit deal

Investor · Charleston, SC · Member since 2015 · 54 posts · 11 votes

Hi BP,

I have a very interesting deal under contract and I wanted to get your feedback on somethings.

These 20 units are compromised of 4 different tax parcels, 6plex, 8plex, and 2triplexes all on the same street.

1. Is there a lender or private investor that would do a blanket type loan on all 20 units?

2. What type of equity or ROI should I offer investors?

3. The 8plex needs a full rehab, should I try and raised that capital as well as the down payment?

4. I have a 60 day due diligence period what type of things should I look for? 

5. What are some ideas to add to the units while renovating them to attract higher rents?

I know this is a lot of questions, you can answer 1 or all 5 or PM and we can talk about some details,investors, etc.

Thanks again BP, it's a great community and a wealth of knowledge!

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Robbie ReutzelBusiness Member
Real Estate Broker · Shirley, MA · Member since 2014 · 305 posts · 211 votes
10y

@Jeff B.

Doesn't it just mean that he has a deal locked up and is doing his due diligence before moving forward or getting out?

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  • Investor · Charleston, SC · Member since 2015 · 54 posts · 11 votes
    9y

    sounds good Matt maybe I'll call you when go to refi. 

    My biggest complain was the 20 year amort. It affected our cash flow significantly 

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