Multi-family investors Kelli Guyton and BG Patel take us through their 204-unit unit property: Sebring Apartments. At the time of this video, BG owned four apartment complexes and Kelli was a partner on two of the deals.
Sebring was purchased for $5.95 million in 2008. The investors have already increased the net operating income by $10,000 per month. The deal is considered a value play with upside. At the time of the video, they had returned a 6% year-to-date cash on cash return to their 18 partners, which put them on track for a 12% return for the year.
{ 5 comments… read them below or add one }
Very inspiring. I have been with lifestyles 5 months.
I am following in others footsteps on a proven path to success. I did not reinvent the wheel just followed a well traveled road map.
I bought 1 single family. Then I bought a 29 unit apartment complex. Who knows what tomorrow will bring it has been 5 months and it is working for me. I am now building my team for the next level.
That is what is so great about lifestyles. It has mentors available at all levels. What ever makes you feel comfortable. You decide if you want to pursue the single family , the small apartment complex, or the large ones like Kelli and Bg’s.
All I ask is that you don’t sit on the side lines. Just jump in and just do it.
I did and I am living the dream and going 100% happy and feeling a sense of accomplishment each and every day !!
Financial Freedom !!!
David Fisher SA PIG
Great Stuff! I love this.. Great story.. Great BG is so caring. Way to care for the families who live on property the members/partners who invest! Way to change peoples lives every step of the way includign your own! Thanks for sharing Kelli and BG.
I like how Kelli shares why she made the choices she made. Tile that looks like hardwood, playground for the kids, three color exterior paint scheme, etc. What a feeling to have the seller appreciate of all the hard work you all put into this property in order to turn it around. As always your smiling faces are wonderful to see! Good work to everyone involved!
Congratulations and way to go Kelli & BG Patel! Now that’s what I call team work.
Thanks guys! I am grateful everyday!