11-Unit Apartment Complex

[Yasir Einaudi]

Investment Info:

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

11-Plex Currently being remodeled, Increased CAP rate from 8% to 14%.
Bringing the building from a C- to a C+

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

Better Cash Flow

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

MLS, 2 months of negotiation

How did you finance this deal?

Commercial Loan

How did you add value to the deal?

Remodeling, 12-month leases

What was the outcome?

Increased CAP rate to 14%, from 8% when I bought it

Lessons learned? Challenges?

C- neighborhoods are not for everyone, learned about Evictions (personally handled all of the legal through writ of possession), Pests control (bed bugs, roach infestation).