I see a apartment complex for sale for 4.5 million.

I was looking in the Columbus area for a multi family complex.

My real estate agent spoke with the seller and his agent no less than one time every day for 55 days and the seller knew our bank was taking their sweet time and the escrow would close about 5 days after the 60th day.Even though my broker spoke with the seller and his agent every day, on about the 60th day of escrow, the seller sent a document saying I defaulted and he was keeping my $50,000 earnest money.

For the people who have the time, patience, and desire to go through all of those free resources to find the right settings, read the right reports / tools to get the right keywords, wade through the right articles... sweet!

You can:- pay down your loan on your first FHA property to 75% LTV - shift equity from another property and to bring down the 1st FHA loan down to 75% LTV based on market value- (more complex/better option) refinance out the FHA loan into conventional 75% LTV and get a line of credit up to 90-95% on the 1st FHA property (penfed.org will go to 90%, BECU.org will go to 95%).

I am happy to report that today I closed on a 240 unit apartment complex in Atlanta, GA that I bought for $9.4 million and it appraised for $9.9 million.

Find out the sweet spot when you can talk about your success and start building your brand.

There’s a wonderful world of financing out there that isn’t that creative or complex just not in the box. yes most of these are for non owner occupant loans so that is an issue but let’s you get the deal. 

I own another unit in this complex and the expenses have been quite minimal (maybe $1,500 over the 2 year period), so I figured I was being conservative with the ~$2,400 estimated annually in repairs.

And with 3.37% APY on a checking account too, which is pretty sweet.