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Updated over 3 years ago on . Most recent reply

AJ Panjavi's profile image
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AJ Panjavi
  • Member since Jan 23, 2019
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AJ Panjavi's profile image
AJ Panjavi's profile image
AJ Panjavi
  • Member since Jan 23, 2019
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AJ Panjavi
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10
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Multi-Family and Apartment Investing

Whats going on in Florida! Orlando Florida syndicate buying 50%

AJ Panjavi
Posted

I am investing with a syndicate, they are a fund and just bought a property for 50% over the sale price in 2019.

Originally sold in 2019 for $40M, they bought it for $60M just 2 years later - NO VALUE ADD DONE.

What the heck is going on? 

Orlando sure as hell didnt have this appreciation

New cap is at 3% on this class B property.

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Nick B.'s profile image
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Nick B.
  • Investor
  • from North Richland Hills, Texas
  • Member since Mar 23, 2013
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Nick B.'s profile image
Nick B.'s profile image
Nick B.
  • Investor
  • from North Richland Hills, Texas
  • Member since Mar 23, 2013
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Nick B.
  • Investor
  • North Richland Hills, TX
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Nick B.
  • Investor
  • North Richland Hills, TX
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Is that Grant Cardone by any chance?

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