All Forum Posts by: Dean D.

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Dean D. has started 2 posts and replied 13 times.

@Alex Thanks. Plan for many more, we are in hyper acquisition mode.
@Joe S. We still have a few seats left. let's connect

0 Votes

Investment Info:

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

Purchase price: $10,000,000
Cash invested: $100,000

Syndicating 200+ unit Multifamily Apartment Complex. 506B rules allow up to 35 non-accredited investors. Contact me for further details

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

Multifamily is my sole focus

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

Skill

How did you finance this deal?

Skill

How did you add value to the deal?

Skill

What was the outcome?

Expect 12%+ annual return for the duration of hold investment

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes

1 Vote

Originally posted by @Dave Chapa:

I had a mentor tell me on several occasions, "Don't buy condos!" he owns 1000+ doors and other commercial properties so, I listen to his advice and passed or multiple condo deals.

Now, years later, when I think of condos for investments this saying keeps coming to mind. "Insanity is doing the same thing over and over again and expecting a different result." :)

So to assemble 1000 doors, are you saying buy the whole apartment complex instead of individual condos or stick to SFH ?

@Mark Sewell as to what happens to older apartment properties when developers verify? Both rent & values appreciate. Are you thinking of developers offering bids to condo owners

0 Votes