Experienced Columbus investors: help underwrite a deal?

7 Replies

Columbus apartment investors,

I've had a couple small rentals for the past ten years, but now sold both of them and am in the process of doing the 1031 exchange into apartment complexes in Columbus.  Over the past 6 months, I've read just about everything that I can get my hands on for apartment investing, listened to hundreds of podcast, talked to a bunch of brokers, PMs, and reached out to many people in the BP community.  I've looked at a ton of deals, and not many seemed to pencil out.  I came across one deal that has great potential in a good area, but is also requires a decent amount of rehab and is a bit risky. 

I feel like I have the fundamental knowledge of underwriting and evaluating the deal, but I've love to talk to a seasoned pro and get their opinion on this deal where they have more experience to see beyond the obvious and help me better analyze this asset.

If you'd like to help out a fellow apartment investor with your experience and wisdom, please DM me.

Thanks in advance.

Ki Lee

Updated almost 2 years ago

Yes, it is Columbus, Ohio.

Hello @Ki Lee, I'm not sure if I misread that, but you already sold the properties and want to do a 1031, but haven't formally identified the properties? You get only 45 days after sale of existing properties to identify the acquisition property for a 1031. When did you sell the properties and is a qualified intermediary holding the funds?