How we’re turning a $9.875M apartment deal into a $15M asset 📈We bought 68 units for $9.875M with average rents at $1,350.�The plan is to invest $1M in renovations, raise rents to $1,650, and force massive appreciation.We secured a 75% loan at 5.7% fixed for 5 years, and raised $4M from investors to close. With renovations rent growth, the building’s value jumps to $15M — creating over $4M in profit.And… we’re doing a 70/30 split. Investors get 70%. We get 30%. It’s a win win for everyone!#mult
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How we’re turning a $9.875M apartment deal into a $15M asset 📈We bought 68 units for $9.875M with average rents at $1,350.�The plan is to invest $1M in renovations, raise
The Deal Room. The Deal Room · Original audio. How we’re turning a $9.875M apartment deal into a $15M asset 📈We bought 68 units for $9.875M with average rents at $1,350. The plan is to invest $1M in renovations, raise rents to $1,650, and force massive appreciation.We secured a 75% loan at 5.7% fixed for 5 years, and raised $4M from ...
7.3K views6 months ago
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