Harry Samby :: Realtor I Investor I Author

Sharing a Multifamily WIN

I am spending next two days with my publisher to make sure my book is fabulous!

Milaneil Capital

Lot Severance tips-- in conversation with Glen Sutherland

Sharing a Multifamily WIN - We closed on a multifamily investment project involving nine-unit townhouses 2020. - Negotiated a Vendor Take Back (VTB) for over 80% of the purchase price at an extremely competitive rate and the remainder came from the Co-ventures. ... - We have assembled a talented team not only to get this deal firmed up but also for the ongoing maintenance and management of this asset. - These townhouses will produce healthy long-term cash flow, alongside some forced appreciation. These townhouses were built in 2013-14so they are relatively newer and in excellent condition. By the way, the Appraisal came back as way over the agreed purchase price. - The asset is held under a corporation. Shareholders within the corporation are holding equity positions and benefit long-term by providing quality housing to the community and receiving solid returns. Truly a WIN-WIN scenario. LOVE LOVE LOVE real estate. - We are working on our next deal . Working on new opportunities to create solid returns . #multifamily #investor #building #businessowner #minset #personaldevelopment #canadianinvestors #investinyourself #apartmentbuildings #mentor #businessquotes #motivation #canadianrealestate #flippinghouses #makingmoney #millionairemindset #millionairelifestyle