My Wife's Bday Present to me: 38 unit and a McLaren
Hello Guys,
Just thought I'd share my really cool B-day present I received this year from my wife!
We are both multi-family investors specifically favoring workforce housing. For my birthday this year, my wife found a 38 unit property for sale in a town we'd been investing in. This property was owned by an investor who was trying to get out of town. This investor was also known in town for owning a 2015 McLaren 650s that he had traded in to his private lender to catch up on mortgage payments. My wife approached the lender and asked if he would add the Mclaren to the mortgage if we took over the property. He agreed and she signed over the mortgage and gave him a check for $1.
Best Birthday surprise yet!
38 unit is a solid, property that will cash flow $2500/month with about $15k of cosmetic rehab.... and the McLaren is a beauty!
38 Unit
