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Updated almost 10 years ago on . Most recent reply

Jon Klaus's profile image
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Jon Klaus
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  • from Garland, TX
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Jon Klaus
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Jon Klaus
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  • Garland, TX
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Multi-Family and Apartment Investing

64 unit Dallas deal

Jon Klaus
  • Developer
  • Garland, TX
Posted

Not a solicitation, but just a discussion starter. 

Buy it at 2012 pricing?

If you are up for a project and don't mind a tough neighborhood, this MF could be for you. 

At what price would this make sense and how would you handle the financing/rehab/leasing/management? Or flip? Or repurpose? Or...?

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Will Barnard's profile image
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Will Barnard
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied
Originally posted by @Dmitri L.:

@Jon Klaus  I need to see a pro-forma ;)

 Sure, here you go:

Gross Income: $345,600

Vacancy: (345,600)

Operating Expenses: (147,950)

NOI: -$147,950

I can sell it to you turnkey for $900,000. Wire instructions to follow.

  • Will Barnard
  • Podcast Guest on Show #130
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