Updated over 3 years ago on . Most recent reply
Commercial Deal Lending Analysis
Deal analysis: 5 duplexes for 157k each. Market value on each is 185k. I have a line of credit I can use for the down payment. However, using that neutralizes the cash flow. I was thinking of asking for an interest only commercial note to create cash flow and 1031 the current + appreciated equity or refinance in 5-7 years. Current rents average about 1500 per bldg. No rehab required. Thoughts?