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Updated 9 months ago on . Most recent reply

User Stats

30
Posts
21
Votes
Justin Garrett
  • Rental Property Investor
  • Hays, KS
21
Votes |
30
Posts

Closed on a small apartment deal! 16 units

Justin Garrett
  • Rental Property Investor
  • Hays, KS
Posted
Hello, I just closed on 16 units (creative financing) taking my total to 19 units and I am having a freaking blast it's a rush hunting the deal working another 8 unit now. How ever I do have a problem units are in a small college town and property manager is great but doesn't document the units as well I would like. I have looked at many of the website like buildium and appfolio I don't know if I really need that much detail maybe just a nice excel document. Any suggestions or incite on how you track your rentals would be appreciated! Thanks for the help Justin

Most Popular Reply

User Stats

30
Posts
21
Votes
Justin Garrett
  • Rental Property Investor
  • Hays, KS
21
Votes |
30
Posts
Justin Garrett
  • Rental Property Investor
  • Hays, KS
Replied

Jonathan Pflueger I got seller financing 20 years 5% fixed rate 4% down and I collect rents for 6 months before making first payment. The seller was trying to pay a large amount of taxes and had had not really stayed on top of his manager so I asked for the free six weeks to bring it up to full swing. Only 16 days in have all but two units filled facebook market place is so powerful in a small town!

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