01/23/2023
Attention Investors! Check out this new listing in Sandy Hill at 105-109 Henderson! Looks like two regular residential buildings - not so fast! It’s actually 20 residential units that are site plan approved, ready to be built. Number of units is important and this one’s got a lot of them. Some of the reasons for that is let’s say you got a duplex and one of the tenants moves out. Then you got 50% vacancy and only 50% occupancy. But with 20 units like this, if one of the tenants moves out, you still got 95% occupancy and only 5% vacancy, which is huge. Also for a duplex for example, it doesn’t make sense to hire a property manager because at that point, there’s just not enough cash flow to justify it. So you still got a job, you still got to actually be there. Now for 20 units like this actually makes sense to hire a property manager because you’d have enough cash flow to justify it. So you actually have real passive income. Interested in this development project? DM me below. 🔥
Oh, and by the way, the seller is willing to do a vendor take back which is a VTB and I’ll get into more detail about that in another video. 💪🏻
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