All right my fellow Rainers.....I am embarking on a new side career.
After making my partner over 2 million dollars during his short career of investing...we have formed an Investment Group as 50-50 Partners. We are initially looking for large Apartment Complexes that would be considered low C class but that can be remodeled to a mid or upper B class.
High side of price or number of units is not a concern. Low side...it Must have at least 150+/- units to work on our business model. Overall condition is not important as long as infrastructure is in good shape and can be remodeled.
Location is important to us. Preferably college towns...and not one pony towns (only one business that supports entire community). Midwest, lower Midwest, parts of the South. It is all about the cash flow...if it can cash flow correctly when rehabbed, that is what we look at. We will pay attention to crime and drug activity in the area as well as other redevelopment in the area. If you know of something...send me a text or email!!
You can also se what we have been doing at www.waynejamesinvestments.com Thanks Mike McCann!!
Until next time...safe travels and successful selling and buying!!