All Forum Posts by: Marc Alston

Hello Rich,

Currently there are three out of the 10  are on Section 8 they have been long time tenants without issues.

Ok I’m in the car now but will get back to you soon.

2516 Saint Xavier St

2530 Saint Xavier St

2214 Saint Xavier St

2110 Saint Xavier St

2120 West Main St

2706 Cedar St

2518 Cedar St

2514-2516 Cedar St

2512 Cedar St

331 North 25th St

Louisville KY 40212

10 sfr's located in the Louisville Metro area all 3 bedroom 1 bath, 1043 square feet of living space each.

All were built in 1998, 2013 appraisal for the 10 properties $610,000.00

Professionally managed & well maintained. New asphalt shingle roofs as of 2014, Central A/C, natural gas heating furnace.

Furnished with refrigerator, range & oven, and dishwasher.

100% occupied, current monthly rent $5709.00

Tenants pay all utilities.

Offered at $379,000.00 No sellers commission.

Reply to [email protected]

10 sfr's located in the Louisville Metro area all 3 bedroom 1 bath, 1043 square feet of living space each.  

All were built in 1998, 2013 appraisal for the 10 properties $610,000.00

Professionally managed & well maintained. New asphalt shingle roofs as of 2014, Central A/C, natural gas heating furnace.

Furnished with refrigerator, range & oven, and dishwasher.

100% occupied, current monthly rent $5709.00

Tenants pay all utilities.

Offered at $379,000.00 No sellers commission.

Reply to [email protected]

Thanks Alina, I have spoken with the owner and owner financing is not something they are willing to do.

Thanks Matthew, That is something I will try I just heard back from one bank that said their policy is to only loan on one rental and my primary residence. That won’t work so I will continue to seek out a bank that might be willing to do as you said and I could bring 10% to the table.

Thanks John,

I appreciate your quick response I will reach out to lenders to see about tapping into that equity.

Hello all and thanks in advance for your time. I am in the early stages of negotiating a purchase of an apartment complex. My question is how do I make the acquisition without the required 20% down. I currently have 10 sfr in an LLC they were acquired in 2013 with a commercial loan. They are 100% occupied and generate $5500.00 per month before expenses, 7 of them are free and clear no mortgage. For the apartment building which would be the best way going forward. Secure a heloc on each of the 7, or hard money lender. The apartment complex does not require any rehab so I’m thinking BRRR is not the way to go. Any thoughts. Thanks

Each of these 10 homes were built in 2008, and have been under professional management since then. They are the same footprint 6 rooms, living room, dining room 3 bedrooms 1 bathroom  The roof on each home was replaced in 2014. Currently I have one vacant while conducting the turnover and will have it occupied in August. Feel free to email any questions to: [email protected]