Hello,
I am purchasing 2 multi-unit properties in Wichita Falls, TX that has 12 units total. Purchase price is $112,000. I am seeking a loan for 70-75% of the purchase price. Units are 75% rented out with long standing tenants. 2 units are under minor renovation. We will continue to make renovations and rent out the additional units which will greatly raise the Cap rate. Current rental…