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Updated over 8 years ago on . Most recent reply

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11
Posts
3
Votes
Ron B.
  • Ft Lauderdale, FL
3
Votes |
11
Posts

I need help figuring out if numbers make sense Multiunit purchase

Ron B.
  • Ft Lauderdale, FL
Posted

I'm looking into buying a multi unit building. I have a couple lined up and wanted to know with zero down and a 30 year loan or any other ways to finance it with zero down are possible and still have a $75+ income each year????

I've found a place that will do a loan with zero down, but they want 7-20% interest. I also have seller financing available but he hasn't given me what interest rate he wants yet, I can still negotiate with him on the terms.

Any suggestions at all on how to buy one of these with Zero down would be great. Thank you in advance!!!

Here's the 3 properties and the numbers....

1. Asking price $24m, Gross income $2,087,298, expenses $977,221

2. Asking price $12m, Gross income $1,127,766, expenses $535,838

3. Asking price $3.5m, Gross income $336k, expenses $171,199

Most Popular Reply

User Stats

1,168
Posts
1,708
Votes
Ryan Murdock
  • Rental Property Investor
  • Maui, HI
1,708
Votes |
1,168
Posts
Ryan Murdock
  • Rental Property Investor
  • Maui, HI
ModeratorReplied

@Ron B. I'm very curious to see what others say but I'd find it surprising that anyone competent enough to own $3.5MM- $24MM properties would allow anyone else to take control of it/them with absolutely no skin in the game. 

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