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.
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.