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Updated over 10 years ago on . Most recent reply

User Stats

75
Posts
20
Votes
Qulia Brunson
  • Real Estate Broker
  • Charlotte, NC
20
Votes |
75
Posts

Potential 15 SFR Wholesale deal

Qulia Brunson
  • Real Estate Broker
  • Charlotte, NC
Posted

Hello fellow BPers,

I am a wholesale investor and I recently came across a 15 property wholesale deal. I've never wholesaled more than 2 properties together so I'm looking for a little advice on how to make an offer on bulk deals, as well as any data a potential buyer may need other than what I have listed below.

Asking Price: $916,500

Annual Rents: $118,200

Annual Taxes: $17,900

The seller will also consider owner financing for the properties with 5%-10% down and 8% interest rates. To me the down payment seems reasonable but is this a high interest rate for owner financing?

Thanks in advance for your knowledge and advice!!

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