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Updated about 5 years ago on . Most recent reply

Adam Philpot's profile image
Adam Philpot's profile image
Adam Philpot
  • from Nashville, Tennessee
  • Member since Aug 30, 2017
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Adam Philpot's profile image
Adam Philpot's profile image
Adam Philpot
  • from Nashville, Tennessee
  • Member since Aug 30, 2017
Connect
Adam Philpot
  • Nashville, TN
14
Votes |
92
Posts
Multi-Family and Apartment Investing

Making money after debt services???

Adam Philpot
  • Nashville, TN
Posted

I'm interested to know how long term hold strategies work on multifamily. I've never done a large multifamily deal but when I do the math not sure how anyone can make any Money on a property doing a 6% CAP or less. I'm obviously missing something so if anyone can set me straight or recommend some reading I'd really benefit.

For instance:

10 unit Asking price: 1,000,000

NOI: 60k

Down payment: 250k

Reserves:50k

5.8% interest Loan:750k

P&I: 52.8k

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Adam Philpot's profile image
Adam Philpot's profile image
Adam Philpot
  • from Nashville, Tennessee
  • Member since Aug 30, 2017
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User Stats

92
Posts
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Votes
Adam Philpot's profile image
Adam Philpot's profile image
Adam Philpot
  • from Nashville, Tennessee
  • Member since Aug 30, 2017
Connect
Adam Philpot
  • Nashville, TN
14
Votes |
92
Posts
Adam Philpot
  • Nashville, TN
Replied

@Alex Olson thanks that is helpful

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