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Updated over 5 years ago on . Most recent reply

User Stats

40
Posts
19
Votes
Khizar Hanif
  • Houston, TX
19
Votes |
40
Posts

12-unit deal (stabilized)

Khizar Hanif
  • Houston, TX
Posted

Hey all, 

Need some deal advice and some creativity. Have a 12-unit that I'm wanting to offer on. This deal is already stabilized, no forced appreciation opportunities here, which I am OK with. It seems like a solid deal I can just buy and hold.

Asking 810,000

100% leased, renovated in 2018, strong location with tenants who pay on time. 

Income 110,000

Expenses ~~40,000 (about 40%)

Debt Service 36,000

Cash Flow roughly 35,000

Deal is off market and has multiple offers. What are some creative ways I can win this deal without overpaying?

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