16d • 💰 Raising Money
DEAL ALERT: 8-Unit Stabilized Cash Flow + Section 8 Upside (Birmingham, AL)
We’re under contract on a fully occupied (8/8) 8-unit in Birmingham, AL (ZIP 35224)with immediate in-place income and value-add upside.
Key terms:
- Purchase: $580,000
- Financing: Seller financing @ 6% fixed | 24 months IO → 30-year amortization | 7-year balloon
- Value-add: move rents from ~$850/unit toward ~$975–$997/unit via Section 8 optimization over 12–24 months (subject to rent reasonableness + inspection approval)
- Hold: 5–7 years (target refi around Year 5)
Capital needed:
- $108,600 (down payment + closing/reserves)
- Minimum: $40,000
- JV with monthly distributions (as available) + quarterly financials
If you want access to the deal room + underwriting, DM me.
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DEAL ALERT: 8-Unit Stabilized Cash Flow + Section 8 Upside (Birmingham, AL)
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