Seven Million Dollar Apartment Building

[Alexander Parada]

$7,000,0000 Apartment Building one in Houston other in North Carolina. Deciding between both they both have similar numbers. 55-65 Units both C properties.

Alright guys Me and some colleagues are going in on a Multi fam unit. Its four of us and we have came up with the 25% Down Payment to purchase this prop. At $1,750,000 Down Payment lets say on this prop which has a 7% Cap. What would an acceptable noi at the end of year given the down payment you are investing with. I have read a cash on cash return from 10-14% is what everyone seems to be aiming for. But just wanted fo pick your brains on this one. Thanks in advance for the help / suggestions.

I know I can always look for value adds and things of that nature but I want to know what is the standard return you seasoned investors are seeking for.