All Forum Posts by: Rob Pops

Thanks for the reply John. Year 1 is a bit slow but I will get to 20-25% cash on cash in year 2, but have to get my hands somewhat dirty in year one to make that happen. Again, its an Ivy league college town so don't anticipate the school going anywhere. My master plan is to bulldoze the buildings and put up appox. 150 units so there is also that in play. 

Hi guys, so first time poster but experienced RE investor multifamily and hotel investments but looking for some gut reactions from the forum. I am looking at 2 multifamily buildings in a major college town location. $1.4m sales price with a levered cash on cash return of approx 10% in year one and with active oversight an 18% return in year 2. My offer on this deal is contingent on the university being open for Fall semester. The seller countered striking this contingency. 

Coronavirus is the bid deal here and these buildings are only meant for student housing, so locals can't afford it. So...do I counter pushing the contingency that the school stays open or lower the offer price by the expected revenue for a full 2020/2021 school year as a counter offer?

Hi guys, so first time poster but experienced RE investor multifamily and hotel investments but looking for some gut reactions from the forum. I am looking at 2 multifamily buildings in a major college town location. $1.4m sales price with a levered cash on cash return of approx 10% in year one and with active oversight an 18% return in year 2. My offer on this deal is contingent on the university being open for Fall semester. The seller countered striking this contingency. 

Coronavirus is the bid deal here and these buildings are only meant for student housing, so locals can't afford it. So...do I counter pushing the contingency that the school stays open or lower the offer price by the expected revenue for a full 2020/2021 school year as a counter offer?