Off Market Deal: Make it a duplex or quad
Hey Reader!
Before I get to the deal I want to make sure you're aware of some big news recently dropped by Fannie Mae. You can now purchase owner occupied 2-4 unit properties with 5% down. Before it was 15-25%. This is a total game changer for house hackers.
Alright, here's the deal:
- Two side-by-side duplexes in Aurora - right near UC Health and Children's Hospital
- Either purchase together as a quad or just one side as a duplex
- $425k for each duplex (2 units 1 property) or $850k for all 4 units as a quadplex
- Recent comp on the duplex down the street sold for $470k
- no subto or seller financing option
- Current renters are month-to-month (currently renting below market rates)
- Market rent is $1,600
- Extra rent possible for garage and storage units
Here's some photos (you know they say the worse the pics, the better the deal!) & If you want to learn more about it or see it in person - Fill out this form and one of us will get back to you asap!
Reply to this email or fill out this form if you're interested & want more info!
Craig & The FI Team
FI Team
Hey Reader! Family, finances and faith, some of my favorite subjects. If you've ever driven in the car with me, we've probably chatted about these topics, and gone deep into what we agree and disagree about. I love getting to know who people are on a deeper level. With the holiday's coming up you're probably getting served a lot of blogs and news articles with conversations topics you should and shouldn't have at your holiday gatherings....like avoid politics, religion and personal...
Hey Reader! I wanted to point out some new resources available on our website & remind you of other free downloads available to you! If you're looking to invest in the Denver metro area and want to know the short-term rental laws, long-term rental rates or what the rent-by-the-room averages are - then check out our "Investing in and around Denver" page. Calculators: Keep these calculators handy for when you're looking at properties, they give you clear cut numbers on whether or not a deal...
Hey Reader! The agents who join the FI Team have a similar goal – they want to reach financial independence and help others achieve financial independence through real estate investing. At our recent House Hacker’s Meetup, our lead agent, Chad Rocke, spoke about the synergy of growing his real estate portfolio (building long-term, generational wealth), while working as a real estate agent (earning income) and how his day-to-day operations of being an investor-friendly real estate agent...