All Forum Posts by: Will King

Has anyone in the community used a company called Private Lending Direct LLC? Thanks for the feed back.

When purchasing an apartment complex with leases currently in place, is it better to start with all new leases or continue with existing leases until the lease term end? Thanks for feed back.

Good food for thought from everyone. I will be negotiating down the price today. I have later found out that he purchased it on owner finance, so that why he would need the 8.5% APR. I will recheck today on the rents to see if they are below market. Great feed back. Thanks

We have an opportunity to purchase a 10 unit on owner finance. Down payment 15% 30 year AM, no prepayment penalty at 8.5%. With these terms, we would net under $100 a door. We will have a debt service on raising the down payment as well. Thanks for your feed back

When evaluating multiple SFHs to purchase as a package, should I focus more on the income or the total value of all the properties × 80%? Ex: seller asking price is $307,000 the total rental income $4300+. Thanks for sharing.

Investor receive a nice passive income with this 10 SFH package with 7 of the 10 currently rented, rental income $5200+. When the other 3 are rented it will add $1800+ to total rental income. I've spoken with a property management company who will manage at 8%. Tenants pay all utilities. Rents are under market.

This family is getting out of the rental business so they are slowly selling off their houses and triplexs. There will be other opportunities after this purchase.

Long term tenants in triplex and SFH. Current rents on all 4 is $2450 a month.

Correction the $5200+ is the current rents. Once the other 3 houses are rented it will add another $1820. According to Rentometer the current rents are below market rent.

Thanks Mark

Nice SF package of 10 houses cashing flowing $5200+ a month, with potential to your bottom line once other houses are rented.