$87,000 apartment complex

[William Goodlett]

There is a opportunity in the central Piedmont region of NC. The apartment building was converted into 12 units but it was 24. All units will need work. Looking for a loan. I have experience and a small team that have helped me throughout the years work on 11 single family homes but this will be my first apartment building. Anyone willing to give a loan or point me in the direction of someone or a company that can help? 

[William Goodlett]

Existing strategy would be to sale a couple units at a time and if that doesn't work then selling what I have. But my main strategy is to not have to exist. Wouldn't see why I would need to exist. Pretty good city and location. I have invested in the city a few times before. ARV would be over $400,000-$558,000. Rehab cost would probably be close to $125,000. Could be cheaper. I have a small crew that helps with plumbing , hauling and grading, roofing, and hvac and I have a couple Electrians that I use.