Sometimes it doesn’t work out
It can be pretty disappointing when things don’t work out. This 18 unit in OKC had been looking good with some decent numbers, and some room for improvement. At about a $500k deal, it would have been...
View ArticleAn ironic replacement for a rejected deal
Amusingly enough, after the previous OKC 18 unit ended up not working out due to maintenance concerns, we’ve found another OKC 18 unit that’s on the market, recently having a good deal of maintenance...
View ArticleAnother OKC 18 is a bust
As mentioned previously, we’d been looking at a $500kish 18 unit in OKC, but it ultimately ended up not working out due to maintenance issues costing too much versus the price, which the owner wouldn’t...
View ArticleNow I am a real investor!
Just got back from checking out the work at our 80 unit property that we bought with 3 other partners about a month ago. I started looking into REI around the beginning of 2013, decided to jump into...
View ArticleCourtyard Apartments of Emporia Grand Re-opening
A month into the process of rehabbing our 80 unit building in Emporia, we’ve now just re-launched the new Courtyard Apartments. There hasn’t been time to complete many major upgrades yet, but we’ve...
View ArticleESU Inspection
We had a good project this weekend. We spent a day doing an inspection tour of our next project, ESU apartments. (name subject to change) This is a 96 unit, 12 building complex that was formerly...
View ArticleClosed on ESU
I’m pleased to announce that we’ve now closed on our second property, a 96 unit complex with 12 buildings in Emporia, Kansas. Formerly married student housing for Emporia State University, we will be...
View ArticleESU rehab started
Now we’re making headway on ESU! The rehab has started. It’s certainly a lot of work managing all these moving pieces, especially as the big ones are infrastructure related instead of simpler “get...
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