Episode 261. 10 Units, 7.9% Loan, and a Boat in the Parking Lot: Real Multifamily Investing
Description
In this episode, I break down our real-life case study of a 10-unit Section 8 property we picked up in November 2023—right at the peak of interest rates. We negotiated it down from $950K to $825K, closed with a brutal 7.93% loan, and dealt with all the C-class chaos you can imagine… including a guy literally living in a boat in our parking lot.
I’ll walk you through:
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How persistence won the deal after months of “no’s”
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Why we skipped renovations and parked our CAPEX at 5% interest
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Dealing with hurricanes, bad vendors, and Section 8 realities
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The upcoming refinance that could return 35–40% of investor capital tax-free
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Why infinite returns are the ultimate play
This is the gritty, unfiltered side of multifamily investing most people don’t talk about. If you want to know what it really takes to win in C-class properties, this is your episode.
Links:
🎯 Download the free Multifamily Credibility Kit: smallaxecommunities.com
📸 Tag me on Instagram: @_Nico_Salgdo
🎙️ Subscribe & share the show with someone who needs to hear this!
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