Multi-Family and Apartment Investing

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Elijah Vo
  • Investor
  • Fort Worth, TX
51
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59
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How we created value!!!

Elijah Vo
  • Investor
  • Fort Worth, TX
Posted Jun 21 2022, 13:39

⚠️$350?! That's a hellava a deal!!!⚠️

Why do we buy assets in secondary & tertiary markets?

First off, we can find true value-adds. That is, assets that have been owned by the same mom-and-pops for 10-20yrs and not been updated.

Second, substantial rent increases. This picture was a sign that was posted at a property we acquired in a small, but growing city in AR.

The comps around it supported $600-700, but this one had $350-$400 rents.

There are many flavors to this game, but don't let smaller markets scare you away from investing in these diamonds.

✔️Look at the team's experience & track record.
✔️Dig into their business plan.
✔️Ask tons of questions.

Fort Worth, Texas

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