Apartment Champions

Profit Strategy: Purchased fourplex with seller-financing, 13% down payment, owner carried-and-back at 5% interest rate, 30 year amortization. Number of Units: Fourplex Amount Earned: $500 monthly cash flow (undergoing rehab so will increase in value overtime) Personal Money Invested: Down payment purchased out of pocket. Prior Experience: Single family home rentals.    

Profit Strategy: Hang onto property and take in monthly cash flow. Apply for FHA – lower interest loan – in 16 months and pay off private investor loan Number of Units: 89 Amount Earned: $1M equity Personal Money Invested: $0 except closing and realtor costs out of pocket Prior Experience: No formal training in real…

Profit Strategy: Placed foreclosed property under contract and found buyer. Number of Units: 16 unit apartment + 2 commercial properties in front Amount Earned: $11,250 Personal Money Invested: $2500 earnest payment Prior Experience: 3 buy-and-hold single family properties, 2 flips, and some apartment investments with a partner (nothing massive).

Profit Strategy: Nothing down equity and cash flow deal; $2M in historic tax credits to cover $2M costs within first 2 years followed by monthly cash flow. Option to cash out or convert to condos after year 5. Number of Units: 20 Amount Earned: $847,200 – 5 year return Personal Money Invested: $0 Prior Experience:…

Profit Strategy: Owner financing with persistence of extensions Number of Units: 2 Amount Earned: $10,000 Personal Money Invested: $0 Prior Experience: First deal

Profit Strategy: Wholesale Number of Units: 1, single family home Amount Earned: $500 Personal Money Invested: $0 Prior Experience: None

Profit Strategy: Buy and hold. The owner was motivated because he had too many properties to manage. Number of Units: Mixed use retail space with multifamily and commercial units. Amount Earned: $125,000 free equity. Personal Money Invested: For the down payment and settlement costs, he used a small family loan and some personal capital from…

Profit Strategy: Owner-financed, carrying back $400,000 on the deal.  Michael is using forced appreciation. Number of Units: 24 + duplex + single family home Personal Money Invested: $0

Profit Strategy: Got the deal on contract and closed in roughly 4 weeks.  He found his buyer through direct mail marketing. Number of Units: 2 Amount Earned: $11,000 Personal Money Invested: $0 Prior Experience: 8 years experience wholesaling houses.

Profit Strategy: Out of state seller in Chicago wanted to sell due to bad management.  He agreed to 91% owner-financing.  The remaining 9% was covered by private investors. Number of Units: 27 Amount Earned: $2,000 monthly cash flow. Personal Money Invested: $0 Prior Experience: Single family houses.