Negotiation · Real Estate Goldmine (free)

3d ago in DEALS!!

Negotiation

Below is a quick negotiation with an operator I had a week ago. I’m closing on this property 10/25/24.

Purchase price: 400k

Rehab 10k or so (almost turnkey. There’s a few things we’re doing to help him maximize bed count).

$5,500 rent for 5 years. He handles all utilities and maintenance. He’s a great operator and pays his rent on time every month with our other property.

So that makes 2 properties with this operator.

Total purchase price for these 2 buildings:

$685,000

Total rehab: 50k

Combined rent: 11,500. All with no vacancy or maintenance.

The deals are solid. However, it’s good for you all to see that we are more than a landlord. We make this VERY EASY for the operators. We take on a lot of risk upfront, in hopes they run a good house and we both win long term.

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