Episode 102 - Buying a Deep Value-Added apartment: Creating a BEAUTIFUL SWAN from the UGLY DUCKLING

Many apartment buyers are seeking to purchase a DEEP VALUE-ADDED property in a good neighborhood. These types of properties can be tough to find. Brian Holley bought a 160 unit apartment complex a few months ago. It needed lots of rehab to create a better product. He and his team will spend over $20,000 a unit in interior and exterior updating and repairs. Even though the occupancy was in the mid-90% range when acquired; Brian and his team, knew they needed to bring the property to the next level to capture better tenants to pay much higher rents. Listen to Brian discuss the challenges and opportunities he found with buying a deep value-added property.

To contact: Brian Holley BrianPHolley@gmail.com
To contact: Jonathan Ferrell JFerrell@OldCapitalLending.com

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