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Updated almost 7 years ago on . Most recent reply
Connecticut - Multifamily Mastermind Group
Last year I bought my first Multifamily (7 units). My goals this year is to buy a larger apartment building (+16 Units) with my business partner.
I read a post about someone doing a mastermind group in Mass, and thought heck I would love to go to this if it was in CT. I thought it would be great to set up a group of other investors that are looking to do the same or something similar. We could use the meetings to discuss deal sourcing, investment criteria, running pro-forma's on current opportunities etc. I learned a ton on the last purchase and any lessons I can share or advice I can use from other investors on this next purchase would be great.
I don't envision this being a large ordeal just a handful of investors who want to throw ideas and whatnot around.
The only prereq would be that you're in the hunt for larger multi-families.
Let me know if any interest.
Most Popular Reply
@Steve Bracero I financed the acquisition ($332,000) with 80%LTV, 5yr fixed rate @ 5% with a 25 year amortization through a local credit union. Its a value add property that we are hoping to hold for 4 years, have a 2.0X equity return with a 25% IRR, so far we are on track! Also please send me the Facebook invite that sounds great.
As far as the CT Multifamily Mastermind Group it seems like there is a lot of interest, so LETS DO IT!! I'll set up the event's location and keep you guys posted.