Large Apartment Purchase at 7.5 cap rate!

1 Reply

Investment Info:

Large multi-family (5+ units) buy & hold investment in Coeur D'Alene.

Purchase price: $780,000
Cash invested: $50,000

Purchased at a 7.5 cap rate and will become a 10.5 cap after normalization.

What made you interested in investing in this type of deal?

Major cashflow mailbox money and major potential returns after normalization.

How did you find this deal and how did you negotiate it?


How did you finance this deal?

Non-recourse loan.

How did you add value to the deal?


Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?


Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you