Financial Fiction Friday #19
Someone Knows Their Multiplication Tables
I sure could use an extra $4k/mo. I'll just go dust off my $22,200,000* to scoop up an 80-unit building in my city. Actually, while we're at it, let's make it a 160-unit building since I'll need the extra money due to inflation.
The current owner will still give it to me for $22,200,000 since I'm from the internet, right?
Follow me for more secrets on how to turn $4,000/mo in hypothetical income into $8,000/mo in hypothetical income.
*Using the average of three local apartment buildings to create a proxy for a per unit cost x 80. If we want to be conservative, call it $13,200,000. Now, sure we could finance it but that still requires 30% down ($4-$6.6M).