Large Apartment Purchase at 7.5 cap rate!
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?
Broker/friend.
How did you finance this deal?
Non-recourse loan.
How did you add value to the deal?
Yes
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes.