52 units and a new baby girl!

[Andy N.]

2016 has been a busy year. My wife and I are each 30. I have had rentals for several years but this year I have wanted to grow my portfolio. I wanted to grow to 25 units in the next couple years. Fast forward... I have just finished building a duplex and have another 50% complete. While in the middle of this my wife and I welcomed a healthy baby girl, our first. I decided things were not crazy enough and got under contract on a 48 unit complex. I've had my eye open for a complex for a while. They never come on the market in my town. After a couple weeks of negotiations I am finally under contract. Hopefully everything goes through. It is a 48 unit mix of 1,2, & 3 bed units. It has an office and a small onsite laundry. I feel that it's going to be a great value add. Units are $100-$150 below market. Exciting times!

[Andy N.]

I'm a finally a week from closing on my 48 unit! It's been a long process. I'll be glad to have it done. Had a small hang up. There is a partner that has 1/8 ownership that has all of the sudden decided they don't like the price. Attorneys said they believe they have it all worked out. I'll be glad to get this closed and behind me!