79 | Strategizing Rent Increases After Improving A Property with Christopher Courteau
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Chris' Background:
- Real estate Investor who closed on his first property in 2019 through his company, Cherrybrook Investments
In this episode we cover:
- 00:02:16 Where Chris sourced his deal
- 00:05:24 Negotiations and terms on the property
- 00:09:51 Projections on the value and income of the property post renovation
- 00:13:15 Managing tenant expectations while increasing premiums
- 00:16:49 Adjusting your business plan as unexpected events occur
- 00:20:03 Chris' exit strategy to get into long term debt and cash out his lending partner
- 00:22:19 Finding lenders that tailor debt to investors
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*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.