Updated over 7 years ago on . Most recent reply
Buying Apartment LLC
Hello all,
Would love to hear feedback on this deal I have come across.
Broad strokes - very broad...
12 unit apartment complex - 3 Quads
Sale price in 2015 - 1.4 Million
Mortgage = $982k AT 4% for 20Y
Net YEARLY CASH FLOW - $45K
Deal is to purchase LLC for $300K and keep current financing in place
ANYONE DO THIS BEFORE?
UPSIDES?
DOWNAIDES?
INPUT APPRECIATED
THANKS
J