cash flow lender opportunity; truely passive stable cash flow
Hi BP friends.
I am under contract for a 90 unit C class property bought well below market ( I will tell you how it happened) in a high cap rate area in Arizona. I am seeking a lending partner to bridge between bank financing and my own 5% down. There is a very good value add play and flexible exit strategy at 1-3 years. The cash flow is very high so it allows above market monthly payments and No rehab, No flip. Stable occupancy, third party management, third party due diligence. This project is very important to me. I plan to wow my investor with stable cash flow and develop a long term relationship. Fully transparent. Ask me a few questions, lets see if we can work together.
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#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
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#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
@Jay Boyle how much are you paying? Sounds like you're looking for an investor or investors to contribute 80% of the cash needed for the down payment. Correct? How much cash are you looking for? How much equity are you willing to give up? I assume you're the "sponsor", and you're contributing 20% of the down payment. What about operating capital and reserves? How many similar deals have you done?
What are the projected rents? How much rehab is needed?