All Forum Posts by: Clint Williams

Brian, absolutely yes thanks for the info, I am looking for full partners who are interested. I do not want anyone to consider my package as anything other. I did put this deal together up front but I am looking for knowledgeable partners who want to join as active partners.

Thanks Brian!  

Hey guys I have a 42 unit multifamily under contract here in southern Indiana at a going in cap rate of 8.8. If anyone is interested in joining as a partner shoot me an email. I have a full package of info. I do not want to show to everyone so It would also be great if you were serious.

Hi, we are looking for apartment complexes in the 30-80 unit range in the above states and possible nearby states to those. Criteria includes built after 1960, prefer pitched roofs, separate entrances, can be purchased around 8 cap rate. I am the buyer not an agent thanks, for more info please email me [email protected] or call 270-860-5929

Beau, I am looking for multifamily 30 units and above, I am located a few hrs west of Louisville, please let me know if you come across any apartment complexes in or around Louisville that have not been passed around mls. Thanks!

For all the media coverage and election issues concerning Donald Trump this year, as a real estate investor I must think back to the one great classic book he published so many years ago....

Trump - The Art Of The Deal was Donald's first book and by far his best, it is a must read for every real estate investor out there who needs a kick in the butt or a confidence booster. The best parts of the book for me are the lessons that are seemingly unintentionally put in as Donald describes his early years. Starting out in New York Donald talks about failing over and over again to get bank financing and almost quitting on his first big deal. But... he did not quit and finally through sheer determination and negotiating he got it done.

He shows us how networking is not always fun but necessary and that as the saying goes "our net worth is equal to our network" is true.  I have been getting a question recently that brought this book to mind. Which books helped me most with real estate investing business and changing my mind set, this one helped me with both and that is why I reach for it at least twice a year when things get tough. 

ATTENTION INVESTORS!

Turnkey fully rented duplex for sale, Tenants pay all utilities, all brick building.
Great rental location no advertising necessary.
Income: $1,030.00 every month Stays Rented!!
2 bedroom 1 bath on each side, large bedrooms, both units recently remodeled.
Newer A/C units, new roof
New furnaces on both sides, central HVAC, all electric
Pictures available

Hello, BP community I am looking for a lender to perform a cash out refinance for a small 12 unit multifamily and possible a duplex as well. These properties have been owned for several years and stable. Refi total around $300k, any lenders out there you can respond my post or email me: [email protected]

Thanks, Clint Williams

ASP Commercial Group

Ben, sorry to here about your troubles with the sfr, I live in Kentucky and we are buying Apartment buildings in the surrounding states, so we are working with some brokers in Ohio. Question which cities in Ohio do you recommend to focus on? I am seeing a lot of multi's coming on the market in Ohio could there be a concern for this?

Thanks, Clint

Joe, caught you interview on Michael Blank, very good I recommend checking it out!

So if there are no other multi's nearby you can use a quick rule of thumb to figure out a good starting point for the cap rate. You need to decide what grade this property falls under A-D. "A" being the nicest and newest, "D" being bad shape and very old.

Quick reference scale:

A Class property- 4-6% cap rate

B Class property- 6-8% cap rate

C Class property- 8-10% cap rate

D Class property- 10-12% cap rate

This scale can vary with locations.

Clint Williams

ASPCommercial.com