If you had $1M...how would you...

[R Sean]

If you had $1M in equity, what would be your strategy to invest in multi-family assets?

- Fixer-uppers?

- Cash flowing?

- Leverage an asset as high as it will go?

And why?

[R Sean]

I am really at a crossroads.

I'd likely leverage 50-60% LTV for class 'B' properties BUYING BASED ON IN PLACE NOI...not pro forma.

Then I'd improve the asset to just above market comp's to increase occupancy, get it cash flowing nicely, hold for 24-36 months then purge and re-deploy.

Sounds good on paper...