Looking for a partner - 16-25% return in 3-6 mo.

Looking for a partner - 16-25% return in 3-6 mo.

We're just not willing to give up on these apartments. We're now looking for an investing partner. Exact numbers are coming from my lender, but the basic breakdown is as follows:

4-unit apartment complex on 1/3 acre
Cave Junction, OREGON

As-is Income-based Valuation: $256,000
After rehab Income-based Valuation: $302,600

Estimated Purchase Price: $150,000
Estimated Rehab: $50,000

As-Is Monthly Rental Income: $2,000
After Rehab Rental Income: $2,400
2% vacancy rate
Water/Sewer/Trash: $275/mo.

Looking for Partner to Invest $30,000-$40,000 for purchase

Cash-Out Refi in 3-6 months - Repayment to Investor of $5,000-$10,000 plus initial investment

PM me if you're interested, and feel free to fwd this to anyone else, on or off-board, you think might be interested!

Thanks!
Tracey

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