Partnered Portfolio Take down

[Michael Glaspie]

Investment Info:

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

Purchase price: $1,200,000
Cash invested: $300,000

This was a 21 unit portfolio that was found off-market. My partners and I were able to raise capital, along with long term fixed financing to get this deal taken down.

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

The off-market deal allowed us to come in with no competition and negotiate with our terms.

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

Cold calling and a long process of going back and forth on terms and conditions.

How did you finance this deal?

We raised capital for the down payment on long term fixed debt.

How did you add value to the deal?

increased rents and decreased management fees.

What was the outcome?

Cashflow!!!!