Updated almost 6 years ago on . Most recent reply
My first multifamily investment as LP
Investment Info:
Large multi-family (5+ units) other investment in Dallas.
Purchase price: $19,000,000
Cash invested: $50,000
My first investment into multifamily syndication with a sponsor group I got to know over the last year. The acquired asset is a 250+ unit class C community is located in Dallas. Proforma 5 year average cash on cash is 8%, and total ROI after 5 years is 96%.
What made you interested in investing in this type of deal?
Passive income
How did you find this deal and how did you negotiate it?
Got to know syndication sponsors through friend network.
How did you finance this deal?
Savings