First apartment investment paid off!!!

[Nick B.]

Hello BP!

Exactly one year and one month ago I handed a check for $50,000 to a deal sponsor of a 205 unit apartment complex. It was a "value play" with an increase of NOI and refinance in the second year.

A little over a year after the purchase the apartment got refinanced with a Fannie Mae loan and today I got a first distribution check for a little over $25,000. I still have about $40,000 in equity in the deal so that check represents 30% ROI and 20% return of capital. Regular cash flow distributions should start next month.

So, that's my first success story: 30% in one year as a passive apartment investor.

Nick

[Nick B.]

This story has a happy ending. 

A week ago the property was sold and today I cashed a check that included my portion of the capital left in the deal and a little over 200% of the capital gain.

Final score: 200%+ ROI in 4 years and one month or ~50% annually.