JF3166: How to Prove Yourself as a New Syndicator ft. Caleb Johnson
The Best Ever CRE Show
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The Business Plan for a Value Out Apartment Building
We bought a 16 unit apartment building in Oklahoma City for $755,000. We've renovated seven of the 16 units and we are getting to the point where we had 18 months of IO on this debt that we got through a commercial bank. So we're coming up on that 18 month time period where it's going to be about June. And I think all of 2021, he maybe made two grand on that property. He wanted to sell two years ago and it just didn't happen. The management company was really nickel and diming this guy. They were giving him little fees here, little fees there. But today that property is performing great.
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