Great Deal Alert
I just found a property that is so convoluted and so confusing that I assure you no one else sees what it is. I only know what it is because I spent a half hour on the phone with the listing agent unraveling it. I will spare you all the explanation here in this email blast, but if you tell me you are interested in the property I will explain everything to you, and it will only take me about 5 minutes. And, as complicated as the current situation is, the solution is actually rather simple.
Anyway, long story short, it can be had for $850K and it will only cost about $150K to stabilize it, for a total of $1M ‘all in.’ At the end of that you will have a 2 bed 2 bath, a 2 bed 1 bath, a 1 bed and two studios, all delivered vacant. When you fill them you will have $11,000/mo, all for only $1M. This will be roughly 18% cash on cash return! These are, of course, unheard-of numbers in this day and age, but you can have them.
Call me anytime and I will help you get this one.
Ken Shapiro
818-237-6963
