My First 6 Unit Multifamily Investment

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Discover why I chose a six unit multifamily, why I bought in the area I did, how I financed the purchase, how it's going now, and what my future plans are with this property. This small multifamily property is a great example of the incredibly profitable deals that our students do all across the country. Learn more here: www.commercialpropertyadvisor...
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0:00 Intro
00:15 Why a 6 Unit Investment and Why This Market
1:34 How I Found My 6 Unit Multifamily
2:37 Leverage On the Property: Opportunities and How I Took Advantage of Them
2:46 Property Details
3:44 Financing and Deal Structure
4:35 Value Add Opportunities
5:38 Property Improvements
9:14 Multifamily Management: Tenant Selection/Property Management/Short Term Rentals
12:02 New Value and Exit Options
13:49 Mentorship

Опубликовано:

16 июл 2024

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Комментарии : 45

@CommercialPropertyAdvisors 4 месяца назад

Every successful commercial real estate investor has a mentor. Get your mentor here: www.commercialpropertyadvisors.com/protege-program/

@johnnyb33good21 4 месяца назад

That was a good video. I just wish she went over the whole net operating income and cap rate to come to your new valuation because commercial multi-family 5 units and above are value different than 1 to 4 units which are primarily value based off of comparable sales

@CommercialPropertyAdvisors 4 месяца назад

Very true - thanks for the feedback.

@hibiscusrealtygroupllc6887 4 месяца назад

Great info and presentation!

@CommercialPropertyAdvisors 4 месяца назад

Thanks!

@davidferro6773 4 месяца назад

Great job Julia! 💪🏼

@CommercialPropertyAdvisors 4 месяца назад

Thanks Dave

@bodyup360fitness7 4 месяца назад

I love the lesson on the 6 unit properties.

@CommercialPropertyAdvisors 4 месяца назад

Thanks!

@user-vd5lt9wv9t 4 месяца назад

Incredible upside! Fantastic presentation! Thank you!

@CommercialPropertyAdvisors 4 месяца назад

🙂

@ntdfmaverick 2 месяца назад

A really great, concise video! Thank you.

@CommercialPropertyAdvisors 2 месяца назад

Glad you enjoyed it!

@chayden1402 4 месяца назад

❤wow best ever explanation 👏 on RU-vid for multifamily

@CommercialPropertyAdvisors 2 месяца назад

You are so kind!

@arcallender5342 4 месяца назад

Great video… Very informative!!!🎉🎉🎉🎉🎉

@CommercialPropertyAdvisors 4 месяца назад

😄

@user-pu4rp9wh3i 3 месяца назад

Hi Julia, it's nice to hear your voice again. Great Presentation.

@CommercialPropertyAdvisors 2 месяца назад

Thank you! 😃

@rivetrealestate7738 4 месяца назад

Great video!

@CommercialPropertyAdvisors 4 месяца назад

We appreciate your compliment!

@hunterw2650 4 месяца назад

Awesome! 🎉

@CommercialPropertyAdvisors 4 месяца назад

Thanks!

@user-bs7ou8zq7w 4 месяца назад

Excellent presentation.

@CommercialPropertyAdvisors 4 месяца назад

Thanks!

@castajc82 3 месяца назад

Question? What is the typical hold time in a deal like this in your partnership agreement?

@cancerjourneybiggboss6426 4 месяца назад

Cool

@cancerjourneybiggboss6426 4 месяца назад

I want to get involved and get my first 6 Plex soon 🙂

@charlesromney 4 месяца назад

How much was the cost to put it up to date in renovations? How fast do you will be making back the 1.3millios of equity? Just to understand the deal and the strategy.

@bodyup360fitness7 4 месяца назад

So the investor paid for 60%? And you 40% correct? So when you were shopping for an investor did you already have your own capital? How do you know how much capital to have when shopping for an investor.? And where does that capital come from if it not directly from you? I understand it can come from loans and creative financing but it's interesting to know how to already have a portion of capital because what if the investor doesn't agree to those terms? I know in the video it was said there was no money paid out of pocket.

@housefanman Месяц назад

It would not be called a HELOC - Just simply a LOC… It is not your home. unless you are living there? And it would be good if you would explain why you believe the value went up. Did you double the rent? The real numbers would be helpful. I suspect the reason why you have not pulled out the cash is because it would not be cash flowing if you did so.

@MikeAffholder 4 месяца назад

What area did u find this

@zalezrealty5135 4 месяца назад

Great presentation! That property seems like dime in a dozen. The costs of the PM are covered by her part? Would you keep it if the investors want to cash out?

@CommercialPropertyAdvisors 4 месяца назад

Why did you conclude that this was, "dime in a dozen"?

@eugenehammond6225 4 месяца назад

❤

@CommercialPropertyAdvisors 4 месяца назад

🙂

@MistressPersiaLynn 4 месяца назад

Anywhere BUT NewYork

@edmandell3064 4 месяца назад

Great Video. Since your postion in the deal is 40% and your partners position is 60% doesnt he decide if you Heloc, or sell the property?

@humbleguy2010 4 месяца назад

Correct, It's a partnership.

@CommercialPropertyAdvisors 4 месяца назад

In the Operating Agreement, decisions are 50/50; all decisions are joint. The 60/40 is strictly the financial side.

@Cyrus0w 4 месяца назад

Mommy sorry mommy 😅

@Save-money1 4 месяца назад

Julia is a beautiful goddess queen ❤educational video 🎉✊👍

@CommercialPropertyAdvisors 4 месяца назад

That is very kind. Thanks

@recyclespinning9839 4 месяца назад

Sounds pretty sneaky. You said the guy was the only one on the will and you snatched it for $350k below market !!?? I'm assuming you have a way to get leads like this. This sounds like all BS. PS , you never want partners. They can turn a great investment onto a nightmare and your locked together in a property. What's the split on the property? What happens when you want to sell and they don't? Who does the remodeling work? Who does the managing? I should make a RU-vid video. There's so much not being covered...😅

@CommercialPropertyAdvisors 4 месяца назад

Thanks for the comment. The seller didn’t want to list the property as both adjacent properties were owned by his family members (again, he was only one on the Will when he inherited this property, and he didn’t want his family members asking him questions about selling if sales signs went up). Additionally, the property was not being managed and he wanted out. He did not want to be in multi family ownership. Regarding partners - this is why you create an Operating Agreement. All those questions are covered in writing there, signed by both parties! Thanks again!