Join Pace Morby on an exclusive behind-the-scenes tour of a San Angelo, Texas multifamily investment property. Acquired on seller finance last summer, this property encompasses six buildings and 43 units. Pace emphasizes the importance of tenant management, discussing the difficulties associated with government assistance programs for housing and how it impacts property management decisions.
Pace also shares valuable financial insights into rental rates, expenses, and projected cash flow post-renovation. As the walkthrough reveals units in various states of disrepair, discover our commitment to a long-term investment strategy, reinvesting profits back into the property for sustained growth. Get an insider's perspective on renovation plans, including upgrading flooring, windows, and lighting to attract quality tenants.
We discuss the financial aspects of the property, including rental rates, expenses, and potential cash flow after renovations, and expresses a commitment to reinvesting in the property for long-term improvement. Whether you're a seasoned real estate investor or a curious onlooker, this vlog offers a transparent view of the challenges and strategies involved in multifamily property management.
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