Purchase price: $25,200,000 Cash invested: $9,975,000 Rise at the Lofts550 E Earll Dr Phoenix, Arizona 85012Formerly Known As Plaza 550Units 92Acquisition Date 28-Jan-2022Purchase Price $25.2MInvested Capital $9.975MLoan 3+1+1 Non-Recourse Debt FundDeal Structure 506(B) SyndicationUnit Mix 92 1BProjected Hold 2-5 Years

😀Average cap rate nationwide is low 5%.Top markets like Austin DFW Phoenix now trade at 3% caps.

There is risk to it (ask the owners that declared bankruptcy in the financial crisis, or the publicly traded REITs that went under or nearly went under).  

This trade has done a number on my body physically and I need to start thinking of my future and supporting my hopes and dreams.

This trade has done a number on my body physically and I need to start thinking of my future and supporting my hopes and dreams.

You've made it 50 years + on this earth without pulling a Wile E.

I tried selling on Amazon, day trading, affiliate marketing, dog walking, and T-shirt printing just to name a few.

Took a call from Credit Plus to confirm my home mortgage834/20/2021Provided Flat Branch confirmation of trades made to closing account844/21/20216:00 PM7:30 PMBigger Pockets webinar "How to become a real estate millionaire"854/22/2021864/23/2021874/24/2021884/25/2021894/26/2021904/27/20218:10 PM8:25 PMReached out to Tyson to get an idea on closing time.

Did you put a contingency on the sale of your property that you find something to trade into?

The trade off is that rates are a bit higher than conventional (figure 4-6% range in general).