Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

2,113
Posts
195
Votes
Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
195
Votes |
2,113
Posts

23 Unit Multi Family Development $850,000 Financed for you.

Alex Hamilton
  • Property Manager
  • Baton Rouge, LA
Posted

Would you please contact us concerning ("HIPCO") Hamilton Investment Properties Community Housing Development Organization. We have been trying to partner with you and other investors interested in ownership of one or more of our proposed national network of affordable supportive housing facilities.

Contact Alex Hamilton by e-mail through [email protected] or phone: (225)238-3923. You may also visit www.hamiltoninvestmentschdo.com to message us. A Meeting of "Baton Rouge Buying Investment Properties" Capital Partners and potential partners available through MeetUp.com is every 3rd Tuesday through Tele-Conferencing.

Only requirement is a credit score around 740, and we will Meticulously build or convert an existing property to be managed by ("HIPCO") Hamilton Investment Properties Community Housing Development Organization. We have numerous other prospective owners interested in facilities we propose to be developed as follows:

Annual Rents Currently Proposed $183,992.00 multi family (23 units averaging $600 to $750 per month) housing

Annual Expenses

Taxes$ 18,000.00

Insurance$ 9,099.00

Maintenance (10%)$ 16,399.20

Management (8%)$ 13,119.36

Vacancy (5%)$ 8,199.60

Total Expenses$ 64,817.16

Your Net Income$ 119,174.84 less Development Cost of $850,000 1st year, clear Net thereafter @ 12% ROI.

Offering

Loading replies...