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All Forum Posts by: Jeff Fortuna

Jeff Fortuna has started 2 posts and replied 12 times.

Multi-Family and Apartment Investing

Post: I am looking for a 40-100 unit apartment complex

Jeff FortunaPosted
  • Longboat key florida
  • Posts 13
  • Votes 6

I have talked to two lenders out of state to secure financing (Freddie Mac Fannie Mae non recourse with 20 percent down ) they are telling me I am able to secure a 2M loan. What should I look out for as I search for a cash flowing 50-100 unit apartment complex?

0 Votes
Multi-Family and Apartment Investing

Post: Multi family apartment building of 50-100 units

Jeff FortunaPosted
  • Longboat key florida
  • Posts 13
  • Votes 6

I am planning to buy a multifamily building/complex of around 100 units so far I have 47 Single family homes in west Michigan and have a good experience of managing them. I have been selling a few a year and putting the proceeds into growth mutual funds. Any advice on BEST CITIES for buying multifamily building for buy and hold purpose? Should I continue saving in the mutual funds?

I have been thinking north Carolina - Charlotte area. But am looking for advice on where to buy them and how to finance the purchase.  I have the 25 percent down payment and 25 yrs experience managing tenants. I have been waiting for a downturn to get better prices but am looking for advice.   Thanks. !

0 Votes