Massive Line Of Credit

[Michael B.]

Trying to figure out my best options thats why i am here. I have found a 14 unit building in prime miami 1.8 million price. building is also already renovated. An i can icrease rents to market value which is 20% more. What i want to know is if i should buy the property cash with my LOC or just use it for 30% down payment. Still have to pay back the LOC either way. With the 30% down payment ill have a lot more money to buy other deals down the road of uncertainty.

Let me hear some creative idea.

Financial Summary - Unlevered		Current		Stabilized
	Per Month	Per Year	Per Month	Per Year
Gross Annual Income	$17,600	$211,200	$20,150	$241,800
Total Operating Expenses	$3,926	$47,108	$4,614	$55,362
NET Operating Income	$13,674	$164,092	$15,537	$186,438
CAP Rate - Unlevered		9.0%		10.2%
Operating Margin		77.7%		77.1%
Expense Ratio		22.3%		22.9%