$18,000,000 ($18M) Multifamily Deal Under Contract
A 227-unit apartment in the Texas Triangle for our investor clients, and we even submitted our offer for over $1,500,000 below the asking price.
At a nearly 8% cap rate
Over 1.53 DSCR
20-25% IRR
So excited for our clients!
Unpopular Opinion:
Freedom isn’t free.
It’s purchased, and is expensive...
Most people trade time for money. (Even if it's a lot of money).
The few who build or invest in assets can buy their time back.
And commercial real estate is one of them - one of the best ones.
#cre
If a commercial deal has been on market 800+ days… it’s probably not a deal.
A “10% cap” turned into 3.8% the second we saw real NOI.
Most investors buy pro forma.
Pros buy verified numbers.
Due diligence isn’t optional.
It’s the investment
https://t.co/GWt6qXNUC4
Everyone selling “passive income” in commercial real estate is lying to you.
The biggest investors I know aren’t chasing asset classes.
They’re eliminating operational drag.
Here’s the truth 👇
https://t.co/c8Yp2NHMfk
The #1 skill you can learn in this world isn’t what you think.
It’s not finance.
It’s not real estate.
It’s not even business.
It’s the ability to work with other people to create win-wins.
That’s it.
The more I do business the more this becomes even more clear to me.