Nathan Payne is buying an 8-plex in Springville, Utah for $1.1 million cash and plans to sell it for $3 million in 5 to 7 years by raising rents. He's looking for $250,000 from investors to close the deal.
The deal that I have is in Springville, Utah. It's an 8-plex, and the goal is to take it and raise the rents so we can sell eventually in the future and double our investment in the property. So the purchase price is $1.1 million. We're buying it for cash, direct to seller. We found it off market, and the goal is to sell it in 5 to 7 years for $3 million. We're looking to make a deal with the dealmakers. We just need $250,000. We already have a loan from the bank.
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