Good Real Estate investments provide exciting opportunities because in addition to providing investors with positive cashflow each month, the properties historically appreciate in value over time.
People always need a place to live and rentals are in huge demand. Rent prices tend to increase year after year, increasing the value of multifamily properties as well.
Multifamily housing provides investors with more security than a single family home would. For example, a vacancy in a single family home means no money coming in. A vacancy in a multi-unit building, and there is still cashflow coming from the other units.
96 Units, Westwood, Cincinnati Ohio
Eagles Watch Apartments
Purchase Price & Renovation Costs: $2,300,000
Sales Price: $3,500,000
Total Profit: $1,200,000
Time Frame: 3 years
Main Strategy:
Value-add (improve unit finishes) to increase rents by $129/mo
48 units, Pricehill, Cincinnati Ohio
Oak Harbor
Purchase Price & Renovation Costs: $450,000
Sales Price: $1,600,000
Total Profit: $1,100,000
Time Frame: 6 years
Main Strategy:
Creative leasing to increase occupancy from 16% at acquisition to 100% in 60 days
These are the kinds of deals we aim to acquire and invest in!
Michael Ealy has developed one of the key development firms in the Cincinnati area. Over an extensive 20-year period, Mr. Ealy has applied his knowledge of property and asset management to negotiate hundreds of successful real estate transactions. Mike’s strength is identifying the right projects, developing a clear vision, and then putt
Michael Ealy has developed one of the key development firms in the Cincinnati area. Over an extensive 20-year period, Mr. Ealy has applied his knowledge of property and asset management to negotiate hundreds of successful real estate transactions. Mike’s strength is identifying the right projects, developing a clear vision, and then putting together the right team to specifically execute each project.
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