My biggest deal - allow me to brag a little bit

[Cody L.]

I don't talk much about my deals specifically but I just closed on my largest one. 360+ unit multifamily in an "A" area of inner loop Houston. Ended up with a 75% LTV loan, 3.8% fixed for 7 years.

Pushed me over the 2000 unit mark.

Pretty proud of this one as closing this size deals as a solo investor without partners / syndication wasn't easy.

[Nikolas Engel]

@Cody L.Congratulations! Remarkable solo run! 

Would you mind sharing some details? 

- What was the hardest part for you as a solo investor to close on the deal and how did you overcome that challenge? 

- What is your business model with the property? I assume you aim for a refinance in a few years - what needs to happen until then? What are the biggest risk until refinance and how to you try to mitigate them?

- What fact of the property did make you feel confident to buy it? How did you overcome your competitors (if any)? And how do you plan/project the coming months in terms of occupancy, income, expenses etc. 

Thanks again for sharing!