Strategic Renovations and Practical Upgrades in Multifamily Properties

On this episode of the Best Ever CRE Show, host Slocomb Reed interviews Grant Reigner, founder of Peak Three Properties, about his journey from small residential investments to commercial multifamily deals. Grant shares the story of acquiring a 41-unit apartment building in Kokomo, Indiana, detailing how he structured the deal with creative financing, including seller financing and bank participation in the capital expenditure budget. He discusses the challenges of navigating a nine-month closing process, managing an unexpected boiler failure, and adapting to unusual winter vacancy patterns. The conversation provides valuable insights on secondary market selection, value-add renovation strategies, and the importance of building contingency funds into commercial real estate deals.

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Vintage Capital

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