All Forum Posts by: Jace Perry
Jace Perry has started 30 posts and replied 105 times.
Post: Large Apartment Purchase at 7.5 cap rate!
- Investor
- Greenville SC
- Posts 121
- Votes 57
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.
Post: Top 10 outdoor amenities for multi-family
- Investor
- Greenville SC
- Posts 121
- Votes 57
Does anyone have a risk factor analysis on firepits/bbq's being a major risk of possibly burning down a multi-family building?
Post: Beat Multi Family Investment Tools
- Investor
- Greenville SC
- Posts 121
- Votes 57
It is a bummer I cannot revise my post title... Anyone know how to delete or edit it?
Post: Beat Multi Family Investment Tools
- Investor
- Greenville SC
- Posts 121
- Votes 57
Hello, I am a newer MF investor interested in what others are using for finding new deals and managing current ones. Thank you advance for your help!
Post: Letter to seller - Owner Financing: Please Review!
- Investor
- Greenville SC
- Posts 121
- Votes 57
What was the result of this deal? Did you end up re-writing your letter?