Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $1,700,000
In Search of partners or buyers to build this 16 unit complex near Trine University.
What made you interested in investing in this type of deal?
The amount of Demand for housing in this market
How did you find this deal and how did you negotiate it?
I am a Real Estate Broker - looking for a buyer or a partner in this project
How did you finance this deal?
Regular Commercial Loan
How did you add value to the deal?
I am a property manager and will manage this complex for you!
What was the outcome?
still in process...
Lessons learned? Challenges?
I am looking for a buyer or partner in this project.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Open Door Rentals and Real Estate - Realtors and Property Managers.
Community State Bank - local Lender - Agent: Lindsay Schook
Kiracofe Homes - Builder