All Forum Posts by: Chris Mog

With HELOC, if you have a great interest rate on your first mortgage, you get to keep it. with cash-out refi, your first mortgage interest rate changes to a higher interest rate with the cash-out. I prefer HELOC because I get to keep my original interest rate which is currently at 2% fixed for 30yrs.

Good info @Roy!

 Ok. Thanks for the advice.

wow, that's a good idea. What if I look for a 25 unit B class apartment complex in Atlanta area for about $1.5m with 90% occupied?

 Yes that's correct!

if I purchase a 4bd, 2.5bath SFR in Atlanta area for about $150k, the rental income should be around $1100. If I buy 15 of those cash that's about $2.250m. So it's about the same thing if they r all 100% occupied. The most important thing for me is monthly cash flow!

So what r my other options to get to my goal of monthly cash flow of $15k per month?

I don't want to go back to SFR. I feel like I can make better investment with less risk owning a 100 unit apartment complex. Yes I lost everything because the properties were heavily leveraged. Anyway, I very given you my criteria, I need someone to help me figure out how to get it done.

@joe, I'm 49 yrs old with a lovely wife and 3 teenage kids. I have about $250k to invest. I want to be able to buy a 100 unit apartment complex.

Acquisition Criteria

General Criteria

Potential High Yield Income StreamsVarious Cap rates depending on cash requirement, appreciation potential and propertyPrice range is generally $1,000,000 to $15,000,000 – all good deals consideredCash Equity – All Cash or Cash to Existing DebtValue Add Opportunities Sought

Property Criteria

Asset Class: A, B or CProperty Location :B+ to C+ AreaNumber of Units: Greater than 100 unitsPreferred Age: Properties built after 1980’sMinimum Occupancy: 70% or greaterPreferred Markets: Texas, North Carolina, South Carolina, Pennsylvania, Florida, Alabama

I want to get back into the property investment business. I used to buy and flip SFRs until the bust came in 2008! I lost all my properties. This time i want to invest in Multi family apartment rentals. The most important issue for me is cash flow from rentals.