All Forum Posts by: Zamir Kazi

This is a 42 unit apartment complex. Fully occupied, attached below are the numbers.

A few things will be different here:

1) Purchase price will be $2 million

2) Interest will be most likely 5% instead of 6% 

3) Hoping to get it with 25% down instead of 30%

So CAP should be higher, as well as cash on cash return

See numbers below

@Jared K.  By an entire block I meant an apartment complex, there are a few complexes I am eying that are between 30-45 units

Thank you ladies :) @Michele Fischer @Colleen Chapin  @Allison Leung 

@Aly W.  Wow, where in Florida do you own properties?

I currently own 4 duplexes, one condo, and one quadplex.

My business partner and I have roughly $1 million in cash that we would like to invest quickly to get some return on our money.

Should we stick to the duplex here and there, or should we buy an apartment block? What are the pro's and con's of each?

@Account Closed @Michele Fischer @Carlos Asuaje 

Thanks guys for your feed back.

I am currently investing in low income neighborhoods, finding it is easy to get 20% on rentals through regular renters and Section 8. What I have found however is that my Section 8 tenants are dream tenants, as most of them will follow all rules and keep their places pretty nice so they do not violate rules and lose their Section 8 voucher.

The ones who are not on Section 8 however it has been a revolving door. Even though they sign a lease it seems like it doesn't really mean anything to them. Even though those units are Section 8 approved, its just hard to get Section 8 renters in as there are many locations for them to choose from and it seems like every landlord is fighting to get one.

Also, I have noticed that although there are very high ROI, the appreciation in these areas are non existent. Also, I have started to begin questioning the ease of liquidation if necessary in these areas. The low-income investment for me has not been terrible. Just noting some difficulties. I have owned these properties for over one year now and have netted $60,000 off a $300,000 investment.

Would it be better to invest on something in the future which has a lower ROI but a higher appreciation in a better area?

99% of wholesale deals are garbage, not to say that you shouldn't look through them or consider them anyway. Like @Larry Turowski said most wholesalers are not very good, but just like any trade  you will find a diamond in the ruff where you have a good wholesaler. Look at all deals presented, the more deals you look at, the closer you will get to finding one.

@Cal C. How have you gotten the majority of your flips if you don't mind me asking?

@Vladimir Gonzalez Are you doing direct mail?