All Forum Posts by: Darin A. Scavella Jr

Hi Michael,

I do not qualify to buy it. This is something that I would need an partner(s) to finance.

Good day everyone.

I have come across a potential  deal as my first investment property. 

Here are some details on it:

- 56 unit satelite complex

- all in (purchase, cap x, cost of money etc) about $3.5 Mil

- Cash flow of $9000.00 - $12000.00 p/m

- Coc Roi of 9-12%

A bit more due diligence is needed but thus far the numbers are looking ok.  Like I said this will potentially be my first MF deal. I have not done this before. I don't have an "official" team yet, and I don't even have the company official set up as yet (Redeem Properties).

Now my experience in RE is that I own a few properties and my house but that is it. I never got them thinking that one day I would be a RE investor. 

Thank you.

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*This link comes directly from our calculators, based on information input by the member who posted.