never miss a post
Join the thousands of other Military Millionaires that are building their real estate portfolio!
Current Projects
River Ridge Apartments
(146 units)
-Asking price: (off market)
-Purchase: $9,100,000
-Capital raised: $3,000,000
-Renovation budget: $2,700,000
-Investors preferred return: 7% -Projected average annual return: 18.05% -7 year hold
Work to be done
-Turnover units to increase rents. Upgrade exterior, build pool, amenities, etc.
-Refinance at year 3, renovate units as turnover occurs, and increase rents a second time.
-Sell, or refinance, at year 7. Investors projected total return: 126.35%
Work in progress
-Bringing in new property management.
-Stabilizing, and exterior renovations.
Mixed-Use Commercial / Residential
-Asking price: $3,000,000
-Purchase: $2,795,000
-Down payment: $150k (w/partner)
-Seller finance: $1,645,000 (at 4% interest)
-Rehab estimate: $minimal/ongoing
-Current appraisal: $3,300,000
-avg cash-flow: $6k (estimate) ~$15k room to grow
Work to be done
-New roof and gutters (paid by seller)
-Complete four Air BnB units (paid by seller)
-Expand Escape Room tenant (paid by seller)
-Update kitchen for the new tenant: $10-15k
-Purchase additional coin laundry units: $2-6k
Work in progress
-Air BnB construction
-Updated Evac system (completed)
-Improve efficiency of building
Join our community of over 250k!
ABOUT
- Is this blog for you?
- How to Buy Real Estate
- Should you buy real estate now?
- Interviews with Military Millionaires
- Guest Appearances
get in touch
Custom Blog Design by RapidWebLaunch
Copyright 2020 From Military to Millionaire
Disclosure | Privacy Policy / Disclaimer