Closed on an apartment deal while traveling overseas ;-)

Been visiting families in China for 1.5months, traveled 7 beautiful cities in mainland, HK and Japan...Just closed on a deal on last Friday, it was put under contract a month prior to the trip. This is a private sale, dealing with an extremely difficulty and crazy seller remotely.

19apartment units (15 2bed and 4 3bed), 4 commercial garages with an office room and a bathroom in each. two vacant apartment units. all below market rent ($200-$300 upside). purchase price $1.9M is at around 8% in-place cap. $150k renovation budget for exterior and in-units. 12-24month turn-around period, looking to achieve $1M increase in value. 

Time to roll up the sleeves and get dirty! 

所有跟帖： 

• 大手筆！祝賀！ -DD2020- ♀ (0 bytes) () 08/01/2023 postreply 04:37:00

• congrats! -smlandlord- ♂ (0 bytes) () 08/01/2023 postreply 05:48:00

• 祝賀 -不聲不響- ♂ (0 bytes) () 08/01/2023 postreply 05:50:00

• Thanks all! good deals are still out there. -nh97- ♀ (52 bytes) () 08/01/2023 postreply 08:21:21

• 厲害！ -新手地主剛上路- ♂ (0 bytes) () 08/01/2023 postreply 08:59:04

• 好棒！ -DelightFish- ♀ (0 bytes) () 08/01/2023 postreply 09:05:10

• 祝賀！！！ -keeplooking- ♂ (0 bytes) () 08/01/2023 postreply 21:35:59

• 恭喜恭喜！厲害厲害！ -南沙翁- ♂ (0 bytes) () 08/02/2023 postreply 06:09:22