207: 54 Niles Case Study - How to Buy & Exit for $1M+ in Less Than a Year!


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By Accelerated Real Estate Investor Podcast and Josh Cantwell. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In this episode, I’m sharing a case study for one of our most recent properties, “54 Niles” — a 54 unit apartment building that we bought off-market for $2.43M, and could now sell for over $4M in less than a year!

The seller originally bought the building for $1.2M in July 2020 and only 6 months later, our commercial broker brought it to us with an asking price of $3M.

Find out how we negotiated a better deal, raised rents to increase value, hired a property management firm to fill vacant units, mitigated risk, and created multiple exit strategies.

If you want to get a behind-the-scenes look at our proven business model for creating million-dollar deals in real estate, you won't want to miss this video walk-through!

Key Takeaways

  • How one deal can literally change your life.
  • The 5-step business model we use to create million dollar deals in real estate.
  • The 10 pillars of risk mitigation when buying property.
  • How we negotiated the seller down from $3M to $2.43 with a contract provision to improve 34 vacant units.
  • How we leveraged a 3rd party property management company to fill all vacancies — and the fee we agreed to pay them.
  • The scary moment when the building's occupancy dropped from 20 to 15 units.
  • Raising rents, refinancing, and paying off the existing loan.
  • Having the guts (and the business plan) to buy a building that’s only 40% occupied.
  • The importance of building multiple exit strategies into your deal — and how this deal could make us over $1M in less than a year.

Want the Full Show Notes?

To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/207

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353 episodes