Multifamily Apartment Investing

[Hud Floyd]

Investment Info:

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

Purchase price: $37,620,000
Cash invested: $50,000

418 unit, multi-property portfolio
Strong value add with below market rents

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

Multifamily real estate is one of the most stable, best performing, and best cash-flow producing investments available.

[Charles LeMaire]

@Hud Floyd  Congratulations!  Assuming this is a syndication, what returns did you predict for your investors over what period?  Total Return, C-o-C, & number of years.   With that many units, I'm sure you're using a Mgt Comp, do you mind saying which one?   The way I usually see property taxes specified in a prospective/proforma is proportion of purchase price that you expected the taxing district to use; what percentage did you use?  Tarrant County is known to be a bit tough with property tax.

Regards,

Charles LeMaire