VACANT 18 UNITS IN ATLANTA.
https://www.loopnet.com/Listing/762-SE-Fraser-St-Atlanta-GA/18146423/
BUSINESS PLAN -
- Market study and financial analysis. Create an excel model to calculate your IRR, with market assumptions such as market rent, occupancy, operating expenses, exit cap etc.
- Talk to the city planning and building department, make sure they like what you plan to do.
- If the number makes sense, talk to the seller and negotiate a deal, preferably with a long DD period.
- Create an offering memo and go to your equity/loan investors.
- DD.
- Close
- Permit and construction
- Marketing and leaseup
- Stablize and sell
- Go get your next deal.