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Updated about 10 years ago on . Most recent reply

User Stats

29,330
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
20,226
Votes |
29,330
Posts

J/V--OWNER FINANCED! 25yr am 15yr call 23% Cash on Cash 43units!

James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Posted

MOTIVATED SELLER!

NEW TERMS:

43 unit building.

PRICE: $699,900.00

DOWN PAYMENT: 30%

OWNER FINANCED: 70% of purchase price at 6% interest amortized for 25yrs. 15yr call.

-HWPG IS OPEN TO JOINT VENTURE-

PARTNERSHIP TERMS:

  • 50/50 OWNERSHIP SPLIT.
  • Mortgage, taxes, insurance, repairs, & maintenance expense all split 50/50 between the investor and The Holton Wise Property Group.

INVESTOR CONTRIBUTION:

  • Cash contribution $240,000.00

HOLTON WISE CONTRIBUTION:

  • Cash contribution $40,000.00
  • Property management performed by us with no monthly management fee for the life of the investment.
  • Redevelopment performed by us and billed to the partnership.
  • Maintenance & repairs performed by us and billed to the partnership.
  • POTENTIAL NET OPERATING INCOME $103,102.12

  • CAP RATE 14.73

  • CASH ON CASH RETURN 23.3%

_____________________________________________________________________________________

CONTACT ME FOR THE

OFFERING MEMORANDUM

__________________________________________________________________________________

DON'T LIKE THIS OFFERING BUT ARE INTERESTED IN OTHER CLEVELAND RENTAL PROPERTIES?

TELL US WHAT YOU ARE LOOKING FOR HERE

WE HAVE A TEAM OF AGENTS READY TO BUILD YOU A RENTAL PORTFOLIO IN CLEVELAND, OHIO.

Contact me to set up your free tour of the available real estate in the greater Cleveland, Ohio area

www.HoltonWisePropertyGroup.com

Passive cashflow. Have helped many Biggerpockets members invest in Cleveland Ohio Real Estate.

Can work with you in several ways.

-Rental Properties from the MLS-

-Turnkey Properties-

-Joint Ventures-

-Secured Debt Investments-24-84 month terms. We pay up to 12% APR-

THE HOLTON-WISE PROPERTY GROUP. A BROKERAGE BUILT FOR INVESTORS, BY INVESTORS.

Check out James Wise on the Bigger Pockets Podcast

Click here to listen to James Wise on the best real estate investing advice ever show

*Featured properties may not be listed by the office/agent presenting this brochure*

Offering

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