E42: Jonathan Bombaci - He bought and sold a multifamily portfolio for massive profit during COVID-19!

True Multifamily

English - November 05, 2020 21:00 - 27 minutes - 25.1 MB - ★★★★★ - 22 ratings
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Previous Episode: E41: Jonathan Bombaci - He paid off all his debts by renting out his first triplex!

Next Episode: E43: Sandhya Seshadri - She invested as an LP to learn how to be an effective GP!

Back for part two is Jonathan Bombaci of Candor Realty. This time, he shares how he purchased a multifamily portfolio off the MLS for $1,890,000, appraised it at $2,356,000, and sold it off for $2,575,099 in just less than six months during the coronavirus pandemic.

Jonathan shares how they bought the multifamily portfolio with bank financing and how it was cashflow positive monthly. He also breaks down the FHA rule and shares a few tips to keep in mind on working with his strategy.

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