Quote from: Branny on February 27, 2014, 02:32:42 AM

Quote from: jrlichtman on February 27, 2014, 01:51:49 AM

Don't worry about the IPO not selling out.

Based on watching previous IPOs on Havelock, there's a lot of last-moment purchases.

That was the case with SFI but not PETA. Hopefully interest will drum up later on.

On a side note, I got word that a local *big* multifamily project is complete. I was hired by a large lender to do contract work for valuation and was proven pretty darn right.

16 two-family 2 bed townhouses (Total of 32 units)
Purchase price - $250,000
Total rehab needed - $480,000 ($15,000 per unit).

Total cost - $730,000

Monthly income per unit $699 (Up from $450-$500 in their old, dilapidated state)
Total yearly complex income - $268,416

36.8% basic return per year.

let's throw out some money, everyone empty your pockets Grin