Updated over 5 years ago on . Most recent reply
Partners in Washington?
Hey Washingtonians,
I have a buy and hold investment opportunity out in Yakima, Wa if anyone is interested in partnering with me on it! Here are the details-
-8-plex apartment
-$750,000-$800,000 purchase
-4 units renovated, all units currently rented
-$76,800 gross yearly rents, rents could be raised to market once all units are renovated
What I need is someone to bring a down payment and thats all! I can manage, rehab, deal with tenants, etc.
Commercial loan would be between $225,000-$240,000, but I’m also open to multiple partners.
Investors would get 70% equity when property may be sold down the line, I would only keep 30%.
Great opportunity, let me know!