213 SFR's Memphis

[James Jones]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $31,950,000
Cash invested: $6,900,000

Memphis Passive currently owns and manages a portfolio of 213 rental units throughout the Memphis market. The entire portfolio is occupied by tenants participating in Memphis Housing Authority programs and collectively generates approximately $120,000 per month in net cash flow.

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

Security back by the US government.

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

BRRRR Method just recycling money over and over again.

How did you finance this deal?

Dscr Loan