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Updated about 1 year ago on . Most recent reply

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46
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Steve K.
19
Votes |
46
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How to find new construction and turn-Key Apartment Investment Opportunities

Steve K.
Posted

Hi everyone,

Can anyone recommend a broker or company that specializes in selling new construction and turn-key apartment complexes. I am just getting started out in multi-family investing, so would like look into smaller apartment complexes (less than 10 doors). I didn't know if there was a "go-to" or a good starting point in this asset class. Thank you all in advance!

Most Popular Reply

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10
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James N Sheils
  • Real Estate Agent
  • Jacksonville, FL
10
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10
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James N Sheils
  • Real Estate Agent
  • Jacksonville, FL
Replied
Quote from @Robert Ellis:
Quote from @Steve K.:
Quote from @Gino Barbaro:


@Steve K.

I have a friend named Jim Sheils that sells build to rent SFH and duplexes and quads. Here is his site

https://southernimpressionhomes.com/


 Thanks, Gino. I've actually worked with them in the past. I'm wondering if there something like them but on a bigger scale.


 their designs are really limited and aren't setup for cash flow in mind. you need to find an apartment developer. I'll shoot you a DM. Southern impression is primarily a single family home builder and their floorplans are all too large for profitability. they are overbuilding each unit and adding unnecessary things like garages that don't get you any income and only drive the construction values up. a garage on it's own isn't with much more than what it's built for and doesn't really add to the equity gain in new construction 


 Hi Steve, great to hear from you. We are building whole communities for investors now as well so you may want to reconnect! We are also offering our own in-house financing on smaller deals at 3.75%. Robert, nice to meet you. I ma a partner at Southern Impression homes and proud to say that with our targeted areas and in house financing our properties due in fact cash flow right from the start.

  • James N Sheils

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