Case Study 32 Unit Apartment | LIVE FREE Training | Beginner Guide
youtu.be
Real estate investor and house buying company owner Sam shares his thoughts on the current housing market and provides a case study of a 32-unit apartment complex that he bought without using any of his own money. He believes that the market is not going to crash and provides data to support his claim. He predicts a 5-10% correction for most places over the next two years, with hotter markets like Vegas and Phoenix experiencing a little bit more. Sam shares a case study about a 32-unit apartment complex that he bought in 2018 for $1.1 million without using any of his own money. He explains how he was able to increase the net income of the 32-unit apartment complex by charging more for rent and decreasing expenses. In 2020, the property appraised for $1.6 million, and the bank gave Sam a loan for 80% of that amount, which was $1.28 million. He used the loan to pay off the original loan of $880,000 and had $400,000 left over, which he received as cash. Sam explains how they were able to get a cash-out refinance on the 32-unit apartment complex, which gave them $430,000 in cash. He emphasizes the power of multi-family and real estate and properly leveraging debt. He also discusses the process of wholesaling in real estate, advising buyers to ensure that a deal works for them and to communicate throughout the process. He announces a giveaway for a free real estate 101 course and encourages viewers to follow him on social media for more training and content.
Real estate investor and house buying company owner Sam shares his thoughts on the current housing m