Offer Structuring On An 8 plex 9/19/20

Pt. 1-  On this series we go in depth on structuring terms on an overpriced property. This is a hard one and I really had a hard time coming up with my own offers so get your calculators out and see if you can come up with your own offers...

Here is the key notes-

Asking too much to wholesale. Too much to buy with own cash . 8 unit townhomes, 2bed 1bath. Could be sold individually. Free and clear asking 649K, prefer cash or short term financing 2 years or less. Rent $5,150. Tenants pay for electricity and water.  Market rents are 750-800/month. Long term tenants. Low rents

Property Info:

Taxes- 6K 

Insurance 3800

Landscape- 840

Management- 4800

maint/repairs 4800

Utilities- 3000