15 min listen
Buying and Selling a 32 Unit Apartment Building For 3X Returns and Lessons Learned | E9
Buying and Selling a 32 Unit Apartment Building For 3X Returns and Lessons Learned | E9
ratings:
Length:
23 minutes
Released:
Jan 3, 2023
Format:
Podcast episode
Description
In this episode, Rich talks about his experience buying a 32 unit apartment building in Indiana, his value-add strategy, repositioning the property, and the business plan. He describes forcing the equity & appreciation, then exiting and selling the property 2 years later for three times what it was purchased for. Rich shares a lot of useful information in this episode, including his experience 1031 exchanging out of that deal into more real estate.--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Released:
Jan 3, 2023
Format:
Podcast episode
Titles in the series (100)
Why You Should Never Listen to Your Parents | E7 by The Rich Somers Report