MultifamilyMasters

09/13/2024

Mortgage rates fell this week to the lowest levels in over a year and a half as Freddie Mac reported that the average rate on the benchmark 30-year fixed dropped to 6.20%, compared to 7.18% a year ago

07/29/2024

💥 This Wednesday…
💥 8:30pm Eastern / 5:30 Pacific

- why assisted living
- what we look for when buying assisted living
- zoning & licensing guidelines
- operations & marketing
- and what the due diligence process looks like

⬇️⬇️ Hit the link in the comments below to register for this FREE ZOOM

06/17/2024

🗞Opening Doors of Opportunity
A Guide for Advancing Housing Equity in the Multifamily Industry

Apartments have long provided homes in communities of opportunity for residents of diverse racial, social and economic backgrounds. Apartments serve a critical role in communities nationwide by providing homes to 38.9 million renters from all walks of life, contributing $3.4 trillion annually to the national economy and supporting 17.5 million jobs. The political attention that has been focused on the need for more housing in the wake of the COVID-19 pandemic provides a unique opportunity for multifamily housing providers, residents, policymakers, communities and other stakeholders to explore new ways in which housing can be an even greater catalyst for creating more equitable communities moving forward...🔽

A Guide for Advancing Housing Equity in the Multifamily Industry

05/09/2024

❤️ For Sale - 66 apartment in Columbia, SC.

** I can forward you our latest rent roll and P&L for April if you pm us your email address

Currently, we have 2 units with approved tenants, and they will move in as soon as those units are ready. That will take occupancy to 92%

We have fired 3 property management companies since purchase and we finally have a management team in place we feel comfortable with - Current management has been in place for 6+ months

We purchased this property from a landlord who neglected it and it was well below 80% occupancy and average rent was $650 per door.

❤️ We have done a ton of work to the property, and there is still additional work needed which means there is plenty of profit potential to whom we hand it off to.


Current average rent is about $900. We were able to rent out a few units at $1200, so I would use $1150-$1200 for projected market rent - so you have plenty of room for value add.


We have fully renovated more than 50% of the units with new floorings, resurfaced countertops, bathrooms, and cabinets. And, we have evicted a ton of bad/non-paying tenants since we took over.

Since purchase we have spent about $500,000 in renovations

We are looking to sell for $85k per door.

All units are identical, spacious 1050sf 2 bed / 2 bath

❤️ We are the owners / operators, and currently there is no broker involved – so no sales commissions need to be paid (hence a slightly better price)

Let me know if you have any questions.

We have a few interested parties and we would like to sell it prior to engaging a broker and listing it for a higher price.

I was at this property all last week as I traveled from out west coast properties home to Florida and it’s a good property with a ton of potential

❤️ I should go out and raise another $300,000 and finish off the renovations and get average rent up closer to that $1200 a month mark and then sell but my goal is to focus on our assisted living projects we recently purchased

** PM us your email address for rent roll & P&L

I have a solid business plan in mind for the next owner that I can help you implement if needed - but here is your chance to pick up 66 units in Columbia, SC with a ton of upside

Let’s chat !!




We know real estate
Because we do real estate

05/07/2024

💥 FREE MASTERMIND CALL - Virtual Assistants & how we create EFFICIENCY with our team of VA’s, what systems do we put in place for accountability, what tasks do we have our VA’s do so we can focus on money making activities?

- Beginning of day reports

- End of day reports

- daily & weekly KPI’s

- oversight tools so we see everything our VA’s are doing every hour of the day

- what tasks do VA’s perform for us

- how do our VA’s speak perfect English

- how do out VAs put us in a position to make more money

- & MORE

💥 Tonight 8pm eastern / 5 Pacific Bryanna from realHELP360 will be joining us to talk about their systems, their oversight, their KPI’s, their accountability, and she is a professional speech pathologist and she offers proprietary language training to ensure our VA’s speak better English than I do

⬇️⬇️ ZOOM Link in the comments below
⬇️⬇️ 8pm Eastern / 5 Pacific



We know real estate, because we do real estate

04/19/2024

💥💥💥Garrison Gilbert & Elsa Nguyen, and the team are under LOI for another 44 beds Memory Care Facility (assisted living)

This will be the second Assisted Living facility in our Real Estate Portfolio in the past 12 months

According to National Investment Center for Seniors Housing and Care (NIC), there's a need of 156,000 additional units by 2025, 549,000 by 2028 and 806,000 by 2030 for those 80 and older. However, In 2023, NIC estimated there were 5,000 new units under construction per quarter.
So the demand for senior care, assisted living is extremely high. We are ecstatic about this opportunity.

If you are interested in assisted living - reach out and let’s discuss