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Multi-Family and Apartment Investing

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97
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35
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Juan Cristales
  • Investor
  • Willis, TX
35
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97
Posts

Found an REO 53-unit w/47% vacancy.

Juan Cristales
  • Investor
  • Willis, TX
Posted Jul 3 2015, 22:50

Hey BP,

Just found this deal and am planning to submit an LOI for it. I currently live in CA and the deal is in another state. i've lived there before so I know exactly where the project is located, across the street from a college campus. So here is the plan and please, shoot holes in it. I plan to VRBO my current house in CA for about 6-12 months and then find an AirBnB place to stay for 6 - 12 months near the project. That would afford me the most hands-on and yield me a much higher likelihood for greater success. Also, on the money side, after I've negotiated a strong deal, let me know if you'd like to participate as I will be looking for funds. Thanks everyone!

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