I have a repeat client who is selling a property in California, and would like to purchase multifamily, in the Austin MSA.
•$9-11,000,000
•Stabilized
•Prefer few/no section 8 tenants
•Client has local property management team in place for other properties that they own in the area
• Timeline is immediate
• Cap Rate: 5.0% or better
Jim Young, CCIM, Broker
West Point ‘94
11701 Bee Caves Road, Ste 250
Austin, TX 78738
jim@longbowRE.com @jimyoungCRE
512-565-7509
ReplyDeleteFor getting started with commercial real estate investing, you have to do a lot of spade work. Find out the amount of rent paid by the previous tenants. Check out about what kind of businesses flourish in this particular area, etc. If you spend some time on all
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