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EP 116: Case Study - Turning over a 34 unit in 16 months
Manage episode 425724186 series 2989227
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In this episode, Jennings tells the story of buying a 34-unit apartment building and all the challenges that came with it.
From getting a surprise deal from the owner to handling money and making the apartments better, this story has it all. You'll learn how smart decisions turned a tricky situation into a big success.
Whether you're just curious or thinking about real estate one day, this episode is packed with interesting and useful ideas.
Tune in to find out how it all came together!
Show Highlights:
- Discover the strategies behind getting a successful deal. [00:40]
- Learn how you can get the maximum rent of a property. [02:50]
- How do you finance a $600,000 down payment? [05:28]
- Are there any safe ways of structuring a deal? [07:38]
- The consequences of hiring the wrong property manager. [09:18]
- Why is correct underwriting so important? [10:37]
- Discover how these savvy negotiations doubled the revenue. [13:14]
- The reason it is important to get off loans. [15:48]
Connect with Jennings on Instagram: @jenningsfostersmithjr
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