Exciting news! This multifamily building is officially under contract!
We love this building for many reason, but here are the top three:
1. It is a quick-possession new build. Down payment will not tied up for 10-12 months, as it’s already at the drywall stage.
2. It has strong cash flow. That’s the money left over each month after we pay all the expenses, including setting money aside for future repairs and vacancy.
3. It’s a place we would live! Therefore, it will be easy to keep fully rented with top of the market rents.
BONUS: It’s a repeat of a past successful project on the same block!
If you’ve ever thought of buying something similar, we’re always open to a conversation and happy to guide you along so you can have a good experience! It’s a ton of work but it’s worth it.