Invest in Minneapolis Real Estate without Being a Landlord!
Eaton Investment Group has transformed a 20-unit apartment building into a cash cow. EIG is offering to sell the building to a new owner, and EIG will remain as landlord for at least 5 years. The buyer would expect the following annual return on investment:
- 8% cash flow, guaranteed by individuals and a cash escrow fund
- 8% via principal paydown (assuming 6.25% interest, 25 yr amortization, 20% down payment)
- tax advantages via depreciation
- appreciation
For at least a 5-year period, Eaton Investment Group would pay buyer 95k/year, which would be enough to pay the mortgage and provide a healthy cash flow. Eaton Investment Group would be landlord, pay property taxes, insurance, utilities, maintenance and any necessary improvements. Individuals will sign personal guarantees to backup the cash flow.
And, this investment qualifies as an IRA investment.
For more details, contact Alex Eaton
612-695-8852
alex@eatoninvestmentgroup.com
