[Drelise Homebuyer]

Drelise Homebuyer

Hello,

I talked with a real estate broker that has a listing of about 10 townhome units at $63k per unit. The owner is willing to finance with 10% down. The units are all currently leased up for around $600 to $700 per month. The units are probably worth $60k per unit retail at a 10% cap rate for investors and about $68k per unit for retail owner-occupants. Since there is a broker involved in the deal, do you think this is a deal worth pursuing? If so, what would be the best route to pursue in submitting an offer… master lease, wholesale, option, or combination of these?

Any insightful direction would be helpful.

Thanks,

[Jackie Lange]

Jackie Lange

no deal here. price is way tooo high. there is no profit potential

like i said on the call. you will not find the portfolio deals from brokers. they jack the price up toooooo much.

wait for the listing to expire then contact the seller