Looking to connect with more investors, agents, property managers, lawyers or anything in the Carolina’s. I’m also looking for real estate meetups in the Charlotte area if anyone knows of any. I think we should network and talk to each other more in these communities

🔐Seller financed 8-Plex under contract. I’m a local operator and a mentee of Christian looking for partners to bring this deal to a close. Partner will be bringing the cash and receive a return from the cash flow. All documents have been received (T12 Ledger, 2 Tenant Estoppel letters, income statement, Rent roll), deal is ready for inspection and appraisal to move ahead 🚧3 Units that can be renovated to add value and raise rents 🏗️Large piece of empty land across street for potential value add ✅Roof replaced in October 2024 💵7 out of the 8 units are $50-$250 under market rent 🏠Rapibly growing area with large housing development very close by 📝$679,000 purchase price with 25% down at 5% interest and a 5 year balloon. 📉Day 1 numbers 4,062 NOI 2,082 cash flow 13.7% cash on cash (pre tax) 1.91 DCR 7.18 cap rate 📈Pro forma numbers 4,706 NOI 2,584 cash flow 18.3% cash on cash 2.22 DCR 8.32 Cap rate Email me at [email protected] for more information!