85k loan at 8% for 15 years fixed

[Robert]

Hello I am seeking a loan for 85K for 15years, I will pay 8% annually.

The finances will be used to buy a couple of multi family houses in Detroit. The houses are currently occupied with good cash flow and are in decent neighborhoods.

As collateral I will offer up my current rental property valued at $35-40K

This is my situation

I am a Canadian, living in Canada.

I own a rental property in Detroit, free and clear. I bought it a few years ago

I do not have a US citizenship, nor do I have a US green card. 

I currently have an LLC on the rental property.

I also have a fantastic property manager from HomeRun Homes, Louis Williams. He has been terrific.

I also have some great contractors in place.

Please email me back at [e-mail] if you are able to help.

Thank you!

Robert

[Robert]

Hello Mr. Lee

Here are the properties, 

Property # 1.  5206 DANIELS ST DETROIT MI. 48210

Asking price $35,00

Triplex, each unit is 2 bedrooms, Unit 1 @ $500, Unit 2 @ $500, Unit 3 @ $600

Total income $1600 monthly.

Currently fully occupied.

Yearly taxes, $2400

Tenants pay all utilities 

Property #2  5229 DANIELS ST DETROIT MI. 48210

Asking Price $35,000

Triplex, each unit is 2 Bedrooms

Income is $1100, each unit is renting  for $550

1 unit vacant, in need of new paint job. could rent for $550

Yearly Taxes $1260

Tenants pay all utilities 

Property #3 426 GENESSEE ST RIVER ROUGE MI. 48218

Asking Price, $41,900

4 Units, 2 Two bedroom units at $500 each, 2 one bedroom units at $300

Total income, $1600 monthly

Currently fully occupied

Total current monthly income is 

Yearly taxes $2660

Tenants pay all utilities 

These are the three units that I am very interested in the total price for all three would be $111,900 with a total current monthly income of $4,300, with the potential to add another $550 monthly. 

All the units are in decent areas that are improving. 

My Contact information 

Name: Robert Sinclair

Phone: [phone]

Email: [e-mail]

Thank you and have a nice day!

Robert