Archives April 2015

Dale Steinman & Anil Silkri 2

  • Profit Strategy: They intended to wholesale but because it was a short sale, they didn’t have enough time to find buyers. Now, they are re-positioning it to increase value and plan to go back to that buyers list.
  • Number of Units: 44
  • Amount Earned: Expect about $180K net profit when sold about 9 months later.
  • Prior Experience: Neither had apartment experience; Dale had some single family rental house experience
  • Personal Money Invested: None. They found a private investor to put 30% down payment.

Dale Steinman Property 2 Cincinnatti 44 units

Anil Sikri

Ernie and Rowen Enriquez 1

  • Profit Strategy: “Whole-tail” – rehab and sell at retail price to buy and hold investors, or buy and hold.
  • Number of Units: 4 units – 1 triplex and 1 single family home
  • Amount Earned: Purchased for $110,000 with market value of $168,000.
  • Prior Experience: Single family home rentals.

Ernie Enriquez - SFH #1

Ernie Enriquez - Triplex #1