Owner of multiple free and clear rental properties wants to buy more
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    Owner of multiple free and clear rental properties wants to buy more

    Clients:
    Husband and Wife
    Retired, retirement income ~$5k per month
    Credit Scores 770+

    Primary residence
    Value 120k
    1st 45k
    Heloc 15k

    Rental properties - All fully rented (total monthly rent roll = $3,675)
    All properties in the name of their LLC
    4 Unit
    Value 100,000
    No mgt

    3 more SFR
    All Valued at 60K with no mortgages

    Accepted offer on a property with a purchase price of $44,000
    willing to put 25% down

    However they know that most don't like to lend this little so they have another property in mind for 44K that they would like to purchase.

    So minimum loan would be 33K, but would like 77K.

    Who would like to take a look at this deal. Seems to me to be pretty easy with as much equity as they have.
    Please pm me or email me at Shawn@BusinessLendersOfAmerica.com
    Last edited by Shawn C. O'Neil; 11-16-2014 at 04:45 PM.

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