Multifamily Real Estate Investing Forums

Find answers, ask questions, and connect with our
community around the world.

Home Forums Progress Logs 26 Doors Under Contract

  • 26 Doors Under Contract

    Posted by Malik Rashid on September 26, 2020 at 9:57 pm

    Hello Matrix Family,

    Hope everyone had a great meeting on Thursday, I’m sorry that I couldn’t be there to consume the Great Information along with everyone. I wanted to share with everyone that we just went under contract on a 26 Door Portfolio in Birmingham and we finished up the Due Diligence/Inspection period this past week. Pretty Excited about the Acquisition, the deal consist of a (20 Unit Apartment with 3 duplexes). We didn’t really want the duplexes but they came with the purchase, so I guess we will upgrade those along with the 20 unit and enjoy the cashflow. But I hope everyone is having a Great weekend, just wanted to share a Win with the Matrix.

    Sincerely,

    Malik (M & KR Properties, LLC)

     

    Greg Scully replied 2 years, 2 months ago 5 Members · 10 Replies
  • 10 Replies
  • Jeffrey Fanok

    Member
    September 28, 2020 at 12:40 am

    Congratulations Malik!!!  That is great news.  Look forward to hearing more about it when you get the chance.  Hope to catch up on Thursday.

  • Larry Pendleton CPA

    Member
    September 28, 2020 at 1:52 am

    Thank you for sharing. Great stuff!

  • Greg Scully

    Member
    September 28, 2020 at 9:20 pm

    Well done!  Way to close out 2020.

  • Malik Rashid

    Member
    September 29, 2020 at 12:13 am

    Thanks Jeffrey, definitely excited to see where this one takes us!!

  • Malik Rashid

    Member
    September 29, 2020 at 12:17 am

    My Pleasure Larry, ready to get the ball rolling on this one and sharing is definitely why Bryan created the Matrix so that we can motivate one another and at some point partner up to take a deal down as a team!

  • Malik Rashid

    Member
    September 29, 2020 at 12:18 am

    Hey Greg, 2020 is not over yet…I’m still ambitious to take down another if it makes dollars and cents! LOL

  • Greg Scully

    Member
    September 29, 2020 at 8:55 pm

    Let’s Go!

    Wrapping up PSA negotiations on a self-storage complex today and moving forward with some partners in Wichita on 68 units.

  • Malik Rashid

    Member
    September 29, 2020 at 11:10 pm

    Awesomeness Greg!! Definitely sounds like some good stuff! Are you investing as a syndication or jv partnership?

  • Bryson Rogan

    Member
    October 2, 2020 at 3:16 pm

    That’s awesome Malik!

  • Greg Scully

    Member
    October 2, 2020 at 5:07 pm

    Malik,

    Storage will be a JV, the apartments will be a syndication.

     

Free!

Downloadable Investor's Guide

This A-Z Investing Guide will help you master in minutes the most commonly used industry terms in Real Estate Finance, Syndication, Corporate Entities, Tax Structures and much more!

  • This field is for validation purposes and should be left unchanged.

Year End Holiday Sale:

Get 20% Off All Memberships or Coaching Programs

Days:
HR:
Min:
Sec:
Sorry the sale is over. See you next time!