All Forum Posts by: Michael Roeder

I am looking for a great foundation repair company in central MN. WE have a 64 unit in Chisago City that is needing some foundation work and it has been extremely tough to find a reputable company that has the time to do the work this spring/summer. Thank you!

@Marlen Weber Thanks so much!

@Ron Kavral this deal was listed by Marcus and Millichap. Thanks for asking!

@ Joe S  Texas is a non disclosure state so we don't post the purchase price anywhere just to make sure the info doesn't leak back to the county for property tax purposes.

@Israel Garavito this property was listed by marcus and millichap. We had built out a relationship with them and ended up winning the deal. Feel free to connect with me on Linked in Via Granite Towers Equity Group and so we can line up a call and discuss more. Thanks so much!

Investment Info:

Large multi-family (5+ units) commercial investment investment in Fort Worth.

Cash invested: $11,000,000

The Falls & Oak Village is a 408 unit apartment community located in Fort Worth, TX. The Falls & Oak Village is situated only 10 minutes West of downtown Fort Worth and offers a simple commute too many employers including Lockheed Martin, Joint Reserve Base, Ridgmar Mall and the Walsh Ranch Development. Fort Worth is one of the nation's fastest growing major cities in the United States.

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

The Market and economy of scale

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

Listed Property

How did you finance this deal?

Freddie Mac Floater

How did you add value to the deal?

Interior Unit Remodels, Unit Conversions, expense reduction, Other Income increase

Investment Info:

Large multi-family (5+ units) commercial investment investment in Fort Worth.

Cash invested: $11,000,000

The Falls & Oak Village is a 408 unit apartment community located in Fort Worth, TX that consists of two phases, the 256-unit The Falls (YOC 1976) and the 152-unit Oak Village (YOC 1980). The two properties are adjacent to one another and run as one property out of one leasing office. The property will be rebranded as one single property after our team acquires the property. The Falls & Oak Village is situated only 10 minutes West of downtown Fort Worth and offers a simple commute too many employers including Lockheed Martin, Joint Reserve Base, Ridgmar Mall and the Walsh Ranch Development. Fort Worth is one of the nation's fastest growing major cities in the United States.

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

The Market and economy of scale

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

Listed Property

How did you finance this deal?

Freddie Mac Floater

How did you add value to the deal?

Interior Unit Remodels, Unit Conversions, expense reduction, Other Income increase

Investment Info:

Large multi-family (5+ units) commercial investment investment in Cleburne.

Purchase price: $1
Cash invested: $2,100,000

86 unit multi family C class apartment located in Cleburne TX.

How did you finance this deal?

Freddie Mac Non Recourse Debt

How did you add value to the deal?

Upgraded interior units, grilling station, relocated office from 2 bedroom townhome to the unused laundry space.

What was the outcome?

A boost in value of nearly $3,000,000

Lessons learned? Challenges?

The market you invest in will have a substantial impact on your results. Demand is crucial.

hi Karen. Reach out to realtor Brianna Roeder. Roederrealestate.com has her contact info. She will have a recommendation for you. We live in Elk River and she has helped quite a few clients build in the elk river area. Good luck! Let me know if you ever want to meet up to discuss re investing!

I look forward to it. Thanks for organizing it @Bjorik Mutize.