How We Achieved 333% Return On Our First Multifamily Deal
James Kandasamy, MBA, CCIM
I help Physicians and High-Income Earners Build Wealth through Real Estate Investing | 2x Author | Philanthropist | Developer & Operator
We are thrilled to share with you the incredible journey of?our first multi-family (MF) deal at Hutchins Palms.?This investment opportunity turned out to be a huge success, resulting in a?staggering 333% return for our investors in just four years!
In this newsletter, we'd like to take you along the extraordinary journey of Hutchins Palms, highlighting key milestones and sharing some valuable insights.
The Beginning:
In 2017, our team identified a promising MF property with significant potential for growth. After careful analysis and extensive due diligence, we decided to move forward with the acquisition of Hutchins Palms.
The Transformation:
Over the next several months, we worked tirelessly to implement our strategic plan. This included?renovating the property, enhancing the overall appeal, and increasing its value.?Our goal was to create a comfortable and attractive living space for our residents while maximizing returns for our investors.
The Results:
The hard work and dedication of our team paid off. In just a few years, Hutchins Palms was transformed into a thriving community, attracting quality tenants and generating a steady cash flow.
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Interior Transformation
Exterior Transformation (Day)
The Grand Finale:
In 2021, we successfully sold Hutchins Palms, delivering a?remarkable 333% return to our investors.?This translates into an?83% average annual return,?which is a testament to our team's expertise and commitment to excellence.
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