Ready to up your game from single-family residential properties to multi-family & apartments?
Well, you could say we know a thing or two about apartments…considering we own 2,400+ units with our JV partners…and we’ve funded 500+ units as a first mortgage lender…like this one, the Lake Villa property.
Our borrower is ALL INTO this 19-unit, off-market deal for a total of $800,000 (including acquisition & rehab costs).
After value-adding improvements (which you’ll see in the video), they’ll be able to increase their monthly rents by 66% - resulting in $220,000 per year in gross income.
After factoring in about 45% for expenses & vacancy, at a stabilized cap of 8%, this property stands to be worth over $1,500,000.
Producing almost $700,000 in sweat equity and profit – and add a massive bump to our students and borrower’s balance sheet.
Want to learn the three secrets to multi-family investing, so you can replicate deals like this? We break them all down for you in this video.
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