Updated over 9 years ago on . Most recent reply
Closed on units 11 and 12
Well BP:
My wife and I closed on units 11 and 12 yesterday!
This property was interesting as it was a large, grand single family house on a big lot that also has a nice manufactured home on it. The manufactured home made it hard to finance and I think it scared some buyers off.
We did our first commercial loan to close it, and the process was actually much easier than previous loan applications.
Purchase price of $281,000 about $10,000 in repairs needed, and total rents should be about $3,000. For a suburb of Portland Oregon, a great deal.
How about that?
Evan