(Partner Needed) — Birmingham 8-Unit Seller Finance

I’m working a seller-financed 8-unit in Birmingham, AL and I’m looking for a capital partner to cover the $87,000 down payment (15%) so we can lock this in and close.

Deal Terms

Purchase: $580,000
Down payment needed: $87,000
Seller note: $493,000 @ 6% fixed
24 months interest-only, then 30-year amortization
7-year balloon
Target close: ~3 weeks once we’re under contract

Income (Now vs. Upside)

Current gross income: ~$86,028/yr (~$7,169/mo)
Target gross income: ~$93,600/yr (~$7,800/mo) by bringing avg rents to ~$975/unit

Conservative cash flow (today)

Conservative NOI: ~$4,081/mo
Debt service (6% IO): ~$2,465/mo
Cash flow after debt: ~$1,616/mo (~$19.4k/yr)

Structure (simple) I’m willing to give the capital partner 70% of cash flow/profits until their capital is returned.

If you’re interested, DM me

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