Last month I had the opportunity to go out to Surf City with Brian and Lowell to see the area and do some research. We flew into Wilmington, home of the second largest port on the east coast, and drove the rental car about a half hour to Lowell’s townhome overlooking a beautiful sound and [...]
Browsing Posts in Deals
Met with a local developer last week who is looking for a partner to help develop a new 120-unit apartment complex in North Carolina. They have the land under contract already and they’ve had a 100 page market analysis done which shows the local market with only a 2% vacancy rate and many complexes totally [...]
A few days ago we made an offer on a 28 unit apartment in Colorado Springs. It’s in foreclosure and about 30% full as near as we can tell. The phone number on the management company sign is disconnected and emails bounce. A broker from Denver has started negotiating a short sale with the lender. [...]
