3 Years ago, we were lucky to find anything that cashflowed. The Rent to Purchase Price Ratios were less than 1%. Now we are see some at 3% and over. I've said it before, we are in the midst of the greatest wealth building opportunity, we are going to see in our lifetime.
Check out this Deal!!!!!!
Joint Venture Opportunity or Buy it Outright!!
$$ INCOME PRODUCING MULTI-FAMILY PROPERTY !!
228 Lura Lane, Merritt Island (last sale 126k)
option #1 JV opportunity
„« $39,000 ($35,000 purchase price +$4,000 for rehab/exp)
„« $12,000 Gross Rent ($500/mo. x 2 units x 12 mo.)
„« -$600 ( projected 5% vacancy)
„« -$1,140 (10% prop. mgmt. Don¡¦t deal w/tenants!!)
„« -$3300 for T+I fees ($1500 ins, $1800 taxes)
„« =$6960 Net rent
„« -$2340 (6% debt service on $39,000)
„« =$4620 (NET annual income after debt service)
„« =$3945 (25% JV = $9% ROI)
„« (As J/V lender you earn 6% + 25% of net income)
„« Option #2
„« buy it Wholesale for $39,000 cash, close by May 28th
and enjoy 21% ROI !! ( including mgmt fee!!)
This property has great roof, electric upgrade, good windows and block construction- almost move-in!!
Joint Venture lenders get 6% return on cash investment,
PLUS 25% equity/ownership! This is a 5-7 year investment.
Contact us today!! info@thmllc. com
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