All Forum Posts by: Madina Shaik

I am happy to report a successful purchase of 120 unit apartment complex right next to Lamar University in Beaumont, Texas.

Purchase Price: $5.1M

Loan : 75% of LTC

Interest Rate : 3.75%

Rehab Budget: $250,000

Operating Strategy: Value Add and increase NOI. Renovate units and swimming pool, secure perimeter and add secure access gates. Increase rents with renovated units plus organic rent increase and controlling expenses.

Exit Strategy: 10-25-100 rule, increase the NOI by 10%, which increase the equity by 25% which gives 100% return on your original investment, refinance or sell in 24 to 36 months.

Justin, congratulations. Where do you get the contacts of multifamily owners?

@Ethan G.

Good you are here. I am investor based in Spring TX. Do you mind sharing your contact?

Thank you Markus. I will have 20+. I was looking at Turbotenant and i kind of liked it. Any experience with TurboTenant?

@Ross Denman, your sign up link is not working. Please check.

@Bob Green, are you licensed to operate in Texas? I am looking for asset based lending for my BRRRR investment strategy.

Kuba, thank you for the info. I would like to know how accurate your ARV calculators are. This is one area I am trying to get good at when analyzing the deal.

@Christopher Petrillo, I am interested in wholesale properties for BRRRR investment strategy. My email address is [email protected]

Elliott, Thank you for the valuable information.

Guys, i am kind of new to BP and this is my first post. I am looking for recommendation firm property management software package. I am growing my single family property portfolio and wanted to start using system to streamline the property management process. I appreciate your input.

Thank you 

Madina