Archives May 2015

Dale Steinman & Anil Silkri 3

  • Profit Strategy: Leverage 30 unit property to purchase a bigger company and collect cash flow on 44 unit property.
  • Number of Units: Property 1: 30 units, Property 2: 44 units
  • Amount Earned: Should be close to doubling their money on the 44 unit.
  • Personal Money Invested: None
  • Prior Experience: Neither had apartment experience; Dale had some single family rental house experience

 

Anil Sikri Dale Steinman (5)

Randy Larson

  • Profit Strategy: Owner financing and cash – Peas in a Pod. Intends to buy and hold for a few years.
  • Number of Units: Approximately twenty 2-3 unit small apartments
  • Prior Experience: Flipped single family homes for about 2.5 years.

Jon Perry 2

  • Profit Strategy: Originally, they were going to rehab and flip the property but due to unforeseen obstacles, they modified their strategy and sold it to a developer, did a wrap-around mortgage and made $50,000.
  • Number of Units:42
  • Amount Earned: $50,000
  • Personal Money Invested: $10,000
  • Prior Experience: Had been actively involved in real estate for 10 years, using the buy and hold strategy in Pittsburgh, PA until he had to readjust his strategy around 2008.