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Content provided by Whitney Elkins-Hutten. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Whitney Elkins-Hutten or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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7-Unit High Street Apartments In Morgantown, WV With Ray Glymph, Apartment Investing Expert
Manage episode 432594039 series 2526036
Content provided by Whitney Elkins-Hutten. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Whitney Elkins-Hutten or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Whitney Elkins-Hutten of PassiveInvesting.com interviews a serial real estate entrepreneur. Ray Glymp shares the nitty-gritty details on acquiring his seven-unit High Street Apartments in Morgantown, WV. He reveals how he secured the property for two million dollars with a unique financing structure, the negotiation process in declining market rents, and the property's repair needs. Ray's proven track record of reviving properties and his projections for future market rents played a significant role in obtaining traditional bank financing. Although the property required substantial repairs, including a leaky roof and outdated HVAC systems, he covered these costs (around $120,000) out of pocket. Ray's story exemplifies the power of hard work, dedication, and strategic thinking in real estate investing that you shouldn't miss. Tune in to this episode because it offers valuable insights for aspiring and experienced real estate investors, particularly those interested in creative financing, mixed-use properties, and renovation projects.
179 episodes
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Manage episode 432594039 series 2526036
Content provided by Whitney Elkins-Hutten. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Whitney Elkins-Hutten or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Whitney Elkins-Hutten of PassiveInvesting.com interviews a serial real estate entrepreneur. Ray Glymp shares the nitty-gritty details on acquiring his seven-unit High Street Apartments in Morgantown, WV. He reveals how he secured the property for two million dollars with a unique financing structure, the negotiation process in declining market rents, and the property's repair needs. Ray's proven track record of reviving properties and his projections for future market rents played a significant role in obtaining traditional bank financing. Although the property required substantial repairs, including a leaky roof and outdated HVAC systems, he covered these costs (around $120,000) out of pocket. Ray's story exemplifies the power of hard work, dedication, and strategic thinking in real estate investing that you shouldn't miss. Tune in to this episode because it offers valuable insights for aspiring and experienced real estate investors, particularly those interested in creative financing, mixed-use properties, and renovation projects.
179 episodes
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Similar to Multifamily Investor Nation
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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