All Forum Posts by: Daw’Neichell Moore

@Allyssa McCleery one of he investors has built an empire, with that we had 2 or 3 bank offers that were willing to finance up to 80% but terms weren’t completely favorable so we went an investors personal bank with fixed interest and more favorable terms.  The bank saw the instant equity and great deal

@Account Closed we really used projections from the last couple of years as well as the appraisal value... of course as we add value so the assessment will rise and finally the reserves we have cushioned with 

Investment Info:

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

Purchase price: $1,400,000
Cash invested: $200,000

MYSELF AND 3 OTHER INVESTORS ARE CURRENTLY UNDER CONTRACT WITH A 100 UNIT APARTMENT BUILDING

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

I WANTED TO KNOW THE PROCESS;LEARNING EXPERIENCE; KICKSTART TO CASHFLOW AND OTHER LARGER INVESTMENT PROPERTIES

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

I WAS APPROACHED BY A LONG TIME ASSOCIATE OF 20 YEARS WHOM I HAVE WATCHED BUILD AN EMPIRE

How did you finance this deal?

20% down 80% bank financing