Multifamily Legacy Podcast 146: Why Do People Sell A Cash Flowing Apartment
Have you ever considered selling a cash flowing apartment to build legacy wealth in real estate? If you haven't yet, take a moment to tune in to this episode so you would grasp tons of nuggets on the reasons behind selling a property that makes you money and quitting that current cash flow to double your profit!
Today, Corey shares his personal story on HOW he was able to generate HUGE INCOME from a property he acquired 3 years ago at Catalina Village, Yuma, Arizona which suffered deferred maintenance and bad management. Learn the strategies he discovered to get high deals from these kinds of units.
Topics on Today’s Episode:
- How and why did Corey acquire the property at Yuma, Arizona 3 years ago?
- Different scenarios to better understand the concept and situation
- What's in store for you when you sell a cash flowing apartment?
- What strategies did he take to get the property refinanced with much favorable loan terms?
- Compressed Cap Rates
- Supplemental Loans vs. Refinancing
- Selling on one market and buying from another market
- What were Corey's long term goals and business plans?
Links and Resources Mentioned:
- Kahuna Boardroom
- Kahuna HQ
- Multifamily Legacy Podcast on YouTube
- Multifamily Legacy Podcast on Facebook
Quotes:
"Start with a dream, vision and belief and keep watering it to grow." - Corey Peterson
"Take baby steps. Don't give up. Keep moving forward." - Corey Peterson
"The more you learn, the more you earn."- Corey Peterson
"Put that vision on your mind, own it and believe it."= Corey Peterson
"If you believe it, you can achieve it and your paradise is possible." – Corey Peterson
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