Apartment Complexes Wanted

We are looking for apartment complexes in Texas with 95+ units and a proforma cap rate of 10% or higher. Problem properties are good. If there is any seller financing or assumable mortgage that us a huge plus.

Edited: 06/26/2010 at 07:14AM

Laurie Kash

Commercial Real Estate Agent · Dallas, Texas

28 posts
2 awards
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Mar 03 '09, 06:34 AM

Hello Robert--
I am a realtor in Texas that might be able to help you in
locating apartment complexes.
What about expired listings or foreclosures? Let me know your criteria so I can start sending you what I got. I live in Dallas. Have a great day!
I love this site.
Laurie
[REMOVED]

Edited: 06/26/2010 at 07:27AM by Moderator : e-mail removed, use signature

Rich Weese

Real Estate Investor · sioux falls, South Dakota

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Mar 03 '09, 06:37 AM

Laurie,
I'm also interested in what Robert wants-but only south Texas. Join as a colleague and PM me. Rich.

Edited: 06/26/2010 at 07:27AM

Greg Jasper

Real Estate Investor · College Station, Texas

8 posts
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Mar 05 '09, 11:43 AM

Hey Rich,

How far south in Texas are you looking. I'm in the Bryan/College Station area.

Thanks,

Greg

Edited: 06/26/2010 at 07:29AM

Miles Holt

Real Estate Consultant · Charlotte, North Carolina

29 posts
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Mar 10 '09, 04:53 AM

I have some product available in Texas. All are 100 plus units. If you want more infomation please let me know. Thanks

Edited: 06/26/2010 at 07:32AM

Rich Weese

Real Estate Investor · sioux falls, South Dakota

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Mar 22 '09, 09:34 PM

Greg and Mike- YES,YES and YES. I'm in Mcallen area, #1 in the country for investing according to Forbes and Fortune. I just lost out on a 170+ units in Dallas so that size is ok. I'd like what the originator of this post wanted but I can also pay cash for distressed property with an upside. Bring them on.

Edited: 06/26/2010 at 07:40AM

Angelo Bates

Real Estate Investor · Dallas, Alabama

2 posts
50 influence

Mar 25 '09, 03:34 AM

We have multi-family in the following areas:

2 in Arlington, TX ( near new Dallas Cowboys Stadium and Rangers ball park)
North Dallas
Uptown Dallas
Canyon Lake
Texarcana

Some are multi-unit condos, others regularg multi-family, and others townhomes/duplexes.

We also have true NNN properties as well.

Thanks.

Angelo

Edited: 06/26/2010 at 07:42AM

Lamichael Walker

Real Estate Consultant · Jackson, Mississippi

39 posts
50 influence

Mar 25 '09, 10:03 AM

hello, i am also lookin for muti family
in the south, or south east.
distressed, need work, private owners,but cash flowing to some degree

Edited: 06/26/2010 at 07:42AM

Rich Weese

Real Estate Investor · sioux falls, South Dakota

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4,619 posts
15 awards
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Mar 28 '09, 11:37 AM

I'm still looking. I have an offer in on 150 plus units in TX and looking at another even larger fixer upper in Dallas. Going to Florida tomorrow for 3 days. Looking for large project with upside potential . Can pay all cash. Please let me know. Rich.

Edited: 06/26/2010 at 07:45AM

Di Rich

Real Estate Investor · San Diego, California

5 posts
50 influence

Apr 14 '09, 07:27 AM

I am selling. No brokers please! Principles only! I have an 80 unit condo building completely condo converted with each unit deeded and recorded. So, you can flip the building as a whole or sell each individual unit. The building consistently maintain an average 92%+ occupancy with a positive cash flow. It is 2-4 miles from Downtown Dallas, Texas. I need cash to buy a bigger building with my partner in Dallas. Anyone interested?

Edited: 06/26/2010 at 07:55AM

Eric Clark

Real Estate Investor · Wilmington, Delaware

45 posts
1 award
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Apr 17 '09, 12:43 PM

Robert,

I currently have access to three 100+ unit complexes in and around Dallas,TX that are preforming and are ready to be sold ASAP.

I have all detailed information about each property,also have proformas.

Call me if you are interested.

Edited: 06/26/2010 at 07:58AM

Jonah Wilhelm

Commercial Real Estate Broker · Seattle, Washington

18 posts
1 award
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Apr 28 '09, 02:51 PM

One of my Clients has a new construction project in Tacoma Wa 200+ units and they are trying to decide what to do with it now. Nearly complete 0% occupancy but will be great income property, or sell as TIC or Convert to condo(in a few years) It's a heck of a project if you have the staying power

Edited: 06/26/2010 at 08:04AM

Dory Peters

Real Estate Investor · dc, Washington D.C.

393 posts
3 awards
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May 08 '09, 03:33 AM

Robert and Lamichael, I'll keep you 2 in mind.

Edited: 06/26/2010 at 08:10AM

Owen Hogarth

Real Estate Investor · fort lauderdale, Florida

82 posts
3 awards
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Aug 03 '09, 11:07 AM

Guys can you send me the information on those properties that are as you described except they have vacancy issues, need *minor* rehab.

Edited: 06/26/2010 at 09:13AM

Joel Soforenko

Real Estate Lender · Springfield, Massachusetts

168 posts
4 awards
50 influence

Aug 03 '09, 12:50 PM

Gentlemen & Ladies, I am a commercial and hard money mortgage broker. I've spoken to several of you over these last months. I have a lending source who will fund up to 85% of the purchase price of rental complexes with a minimum loan amount of $2M. Please contact me for details. Of course, I have coventional and hybrid money available down to $500k for these property types.

Edited: 06/26/2010 at 09:13AM