100 unit apartment building

[Daw’Neichell Moore]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $1,400,000
Cash invested: $200,000

MYSELF AND 3 OTHER INVESTORS ARE CURRENTLY UNDER CONTRACT WITH A 100 UNIT APARTMENT BUILDING

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

I WANTED TO KNOW THE PROCESS;LEARNING EXPERIENCE; KICKSTART TO CASHFLOW AND OTHER LARGER INVESTMENT PROPERTIES

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

I WAS APPROACHED BY A LONG TIME ASSOCIATE OF 20 YEARS WHOM I HAVE WATCHED BUILD AN EMPIRE

How did you finance this deal?

20% down 80% bank financing

[Allyssa McCleery]

@Daw’Neichell Moore Good for you! Where were you able to find financing for only 20% down with such a large property?