Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: John Cohen

John Cohen has started 21 posts and replied 814 times.

Post: 200 Unit Multifamily

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

@Alina Trigub Thank you!! We have some more deals selling now that should be similar 

Post: 200 Unit Multifamily

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

@Alina Trigub 2.5 years. The market is solid secondary market, Greenville, SC. Property was never below 92% occupied when we purchased and when we sold it was 96%. 

@Simcha Davidman the $3,000,000 included all costs. The closing costs, insurance premium, legal, etc. was about $200,000 ballpark. The cap on purchase was in the 7% and year 1 was about 8%

Post: 200 Unit Multifamily

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

Investment Info:

Large multi-family (5+ units) other investment in Taylors.

Purchase price: $9,250,000
Cash invested: $3,000,000
Sale price: $13,250,000

200 Unit multifamily family property outside of Greenville, SC

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

The basis was great for the market and the market was growing

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

Broker brought deal to the table, it had a affordability component to it so that gave us an advantage

How did you finance this deal?

12-year Fannie Mae debt, fixed rate with a 30 year amortization

How did you add value to the deal?

We upgraded the exteriors with landscaping, dog park, playground, and shutters. Then we sub-metered the water and started to bill back residents

Lessons learned? Challenges?

Lessons learned were never pass on a deal out of the box, find out the story and make an offer that makes sense for you. This deal was a pass by us, then I checked back in on it and found out pricing expectations where less then expected

Post: NY-Long Island Meetup

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

@Alan Zee will add you to the meetup! We do own 1 deal in Cincy and 2 in Covington, KY right across the river 

Post: What would you buy?

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

Multi all day!! 

Post: NY-Long Island Meetup

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

@Rochelle Flowers - shoot me a direct message with email address and I can add you

@David Rosenberg - added to the list

@Joseph Suarez - added to the list

@Steven Hoyler - added to the list

@Carol C. - added to the list

@Eric Hrlbock - added to the list

Post: NY-Long Island Meetup

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

@Aqil Dharamsey you were added to the list also

Post: NY-Long Island Meetup

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

@Raina B. and @Sharon L. you have been added to the list.

@Shellon Bristol please send me your email address

Post: NY-Long Island Meetup

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

@Steven Knox added to the list 

Post: NY-Long Island Meetup

John Cohen
Pro Member
Posted
  • Rental Property Investor
  • Mineola, NY
  • Posts 838
  • Votes 212

@Roger Von Urff next event is October 18th, same place as mentioned earlier in the post. Holiday Inn Westbury at 7PM

@David K.

@Amanda Kronin