LP Investment last year

[Joseph Bagley]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $4,000,000

Invested as a LP to learn the process
- 60 units
- 5 year hold (no refinance in between)
- $1.6M raise
- 5.64% CAP
- Est. 21.19% AAR; 7.69% CoC

What made you interested in investing in this type of deal?

Multiple units vs single homes

How did you find this deal and how did you negotiate it?

A friend of mine had it and ask if I wanted to invest.

How did you finance this deal?

Cash