My biggest deal - allow me to brag a little bit
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.
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@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!