Greetings.
I am a real estate investor currently working an OK paying 9-5 to supplement building my portfolio. I’m approaching my one year mark on the first property November 1 of this year. Property 2 will reach the year mark in April. Both cash flowing well. I was wanting to hold off until spring 2018 to shop for another but a new opportunity was brought to my attention recently.
Pros
I am a real estate investor currently working an OK paying 9-5 to supplement building my portfolio. I’m approaching my one year mark on the first property November 1 of this year. Property 2 will reach the year mark in April. Both cash flowing well. I was wanting to hold off until spring 2018 to shop for another but a new opportunity was brought to my attention recently.
Pros
- 2 Properties under a single deal. 4 units total
- Strong occupancy history & projections
- Solid cashflow (~$20k/yr net)
- Newly renovated interiors
- Privately financed
- Largely out of my price range- Low personal capital available
- Would require investor contributions (Don’t have any committed yet)- This could be moved to pros if I was able to gather enough investors = little/no personal funds needed upfront
- Leaves me in a very volatile financial state for 2+ months (Pending investor contributions)
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