More Results: Passive Income Opportunities
One of the most popular ways to generate passive income is to invest in an income-producing rental property. We specialize in finding the right property for you whether it be a “turn-key” or a “diamond-the-rough” property. Our expertise combined with our connections within the Pacific Northwest gives us a broad access to available investment properties – often before they even hit the market.
Put the experts at Pacwest to work for you; call us to get started realizing your investment goals.
Downtown Eugene Multifamily Sale Is A Win-Win
We assisted a serious investor in buying a 10 unit apartment complex in the heart of Downtown Eugene.
The complex offered a good investment opportunity for a local investor who was seeking a residential income property that provided an exceptional long-term tenant appeal due to its proximity to mass transportation and amenities like shopping, bars, and restaurants.
The property offered an attractive design, good curb appeal, and a quiet neighborhood environment.
We were able to negotiate owner financing terms which was favorable to my client and provided a steady stream of income to the Seller for my financially qualified buyer who made a substantial cash down payment at the closing.
There was a minimal exposure to any negative cash flow because of the strong established tenant base on year long leases. There also was a minimum risk of surprise capital requirements because we’d completed a thorough inspection during the due diligence process.
This property offered a favorable ownership opportunity for a savvy real estate oriented investor seeking the safety of a tangible asset not prone to the daily adjustments of the stock market or bond market.
Investor Sees 15% Cash-on-Cash Return
We assisted a client in purchasing a 27 unit apartment complex which was a diamond in rough. The property had been on the market at $1,395,000 and was in need of an exterior rehabilitation.
The Buyer bought the property with the intention of adding new roofs, exterior siding, paint, and improving the landscaping.
We were able to assist the Buyer in negotiating a loan where the lender based the value on “as-completed” value, and held the improvement money in an escrow holdback account.
My client felt that this was sweet deal because the final value came in $100,000 above what we had estimated for the completed value. Their cash-on-cash return was over 15%.
The property now has no deferred maintenance, a strong tenant base, and is managed by a professional property manager and is providing a solid stream of passive income for the Buyer.