Buying apartments on a master lease option

[Emma Powell]

Investment Info:

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

Purchase price: $800,000
Cash invested: $200,000

16 and 18 unit heavy rehab value add multi family, 2 complex portfolio 34 units total in SW Little Rock

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

I wanted to scale quickly, and commercial was the best way to do this

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

The deal came to me through a broker who was wholesaling it. After COVID shut down most lending, I negotiated with the seller to buy the units on seller financing, which turned out to work best as a master lease option

How did you finance this deal?

seller financed with a down payment from joint venture partners

How did you add value to the deal?

heavy rehab, we are remodeling units as fast as we can and raising rents $150-200/mo