Memphis Apartment Syndication

[Justin Emmert]

Hey Guys,

I am planning on breaking into the apartment world with my first syndication! I am a wholesaler / flipper in CT, but I have no interest in the rental market up there. I am about to send a LOI on a property I am pretty nervous going through the process for the first time. I assume this is just part of the process. Are there any other apartment guys on here?

[Justin Emmert]

@Richard Sherman I took the taxes from the 2017 year and added 10% for the calculations, are the additional taxes newer than that?  @Jackson Long  It is a value add the comps have rents about 100$ more than the current, I also contacted a property manager who verified the rent bump (he actually project +150).  @James Wachob I'll sned you a PM about it