How We Bought a $1.2 Million Apartment Complex for Under $10k

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  • Опубліковано 20 вер 2024
  • In this deal review, Eric goes over ALL the numbers (and strategy) for our first apartment complex purchase. Find out how we turned a profit!
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КОМЕНТАРІ • 21

  • @JoshuaJonesNow
    @JoshuaJonesNow 3 роки тому +3

    I can listen to Eric talk about real estate all day. Thank y’all for the information and motivation.

  • @mikemosby8000
    @mikemosby8000 3 роки тому +6

    How did the property appraise for 700 one day then 9 days later appraise for so much more? That was the key to success in this deal. Without to that then the cash out refi doesn’t work. Anything you can share about that would be SUPER helpful for us getting started.

  • @daregames3995
    @daregames3995 3 роки тому +3

    I just found this channel but I’m definitely gonna get into it after graduate from school this May. I need a little bit of capital before i begin

  • @NateBailey
    @NateBailey Рік тому

    This is absolutely awesome brother!! More of what I'm wanting to do next

  • @karlenemullings5336
    @karlenemullings5336 3 роки тому

    Very good video and Eric explains these concepts very well. Kudos

  • @projectreels4638
    @projectreels4638 3 роки тому

    wow you guys deserve way more views! Thanks for the info

  • @arvi.carkanji
    @arvi.carkanji 3 роки тому +1

    Great video, awesome deal 👏🏽👏🏽👏🏽

    • @EricNiki
      @EricNiki  3 роки тому

      Thanks friend! It was a great deal, always looking for more!

  • @tgrunow8248
    @tgrunow8248 3 роки тому

    Thanks for sharing your deal with us! What areas do you guys look to buy in? My wife and I are switching this year into MF too.

  • @skillz4250
    @skillz4250 Рік тому

    i subbed my dude , hoping to learn from you..

  • @richardmaldonado6945
    @richardmaldonado6945 3 роки тому

    Thanks for the knowledge

    • @EricNiki
      @EricNiki  3 роки тому

      Of course. Glad that you got some value out of this

  • @vanrine1
    @vanrine1 3 роки тому

    Wow, amazing value

  • @chrismcgee920
    @chrismcgee920 2 роки тому

    Do you all do new construction ? I have 10 acres in Madison, TN. Not too far from Nashville.

  • @monikacharlesx
    @monikacharlesx 2 роки тому +1

    So you only had to put 5.5% down? Is that standard with these types of loans?

  • @samiracful
    @samiracful 10 місяців тому

    Was this really 6% down on the hard money loan?

  • @aztecjoe29
    @aztecjoe29 Рік тому

    Would love to partner up

  • @justinsmudde2554
    @justinsmudde2554 2 роки тому

    Hey bud, which HML did you use for the commercial purchase?

    • @EricNiki
      @EricNiki  2 роки тому

      we use lendingone or a broker that finds us new HML

  • @soto8648
    @soto8648 3 роки тому

    667 😂