Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Real estate madness $4.5MM resort purchase by a 22 year old

9 Oct 2022 · 0 min

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0:24

In this brief segment, the presenter announces the acquisition of a 38‑unit resort property for $4.5 million, emphasizing that this purchase far exceeds any of his previous deals, the last of which was around $2 million. He notes that the property, which has been featured on the channel for about a year, is currently appraised at roughly $3.5‑$3.6 million, indicating a modest shortfall relative to the purchase price but highlighting the scale of the transaction.

Here's the number deep dive. Bought it for $4.5 million. Now, that's a big number. That's a lot bigger than anything we've done before. Our last deal that we bought that was somewhere close to that was $2 million. We're getting it through. That's the 38-plex that we've been sharing on the channel for about a year now. And today it's worth about $3.5 million, just a little south on appraisal, but we've done some more right now, so it's closer to $3.6. But this is quite a lot bigger than anything we've done before.