Updated over 7 years ago on . Most recent reply
Off-market 17 unit turn-key Fort Wayne, Indiana rentals(ability to find additional)
I've made a contact with a seller in Fort Wayne that has ability to sell off about 50-100 rental properties in Fort Wayne, Indiana. Gross rents on the package I'm talking about are $7400/month. Our company could help get the deal closed, if you aren't buying all cash could help get financing in place, and manage the properties as well.
They are asking $374,000 which is $22k/unit. Even on 50% rule you're looking at a 12% cap rate. If you were to leverage your money through the bank 25% down you'd be looking at a leverage rate of 16.6% cash on cash return based off 50% rule.
Ability to put deals together thru IRA, cash purchases, or through our contacts at the local bank. Perfect for those that want to leverage their money to garner better returns. Let me know your strategy and I'll do my best to accommodate your needs.
I am a realtor, investor myself(own over 20 rentals), and have managed properties for over 9 years. Our company manages over 1200 rentals in NE Indiana and have over 50+ years of experience in the company.