Archive for July, 2010

Jul
20

Purchased by a savvy investor from NY

Posted by: Chris | Comments (0)

This newly renovated 2 family in Newport KY was purchased by a New York investor for $100,000. The property is fully renovated and leased for $1,300/month and will provide the investor close to $400 per month in positve cashflow with a 75% LTV mortgage. The investor’s total investment will be under $30k and our experienced management team will provide long term quality property management.

We discussed several aspects or real estate in today’s market, check out the presentation I did on flipping property in today’s market.

Email mmeyer@nationalreis.com if you would like  a copy of the presentation.

Chris

Categories : Current News
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Past Performance

Most Recent Multifamily Purchase

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