How does one make money with this?
They spent $4,300,000 bucks to rehab it.
they have 24 units.
Lets say they average $750 a month per apartment.
That's 24 apartments X $750 per month = $18,000 per month X 12 months = $216,000 revenue a year.
They invested $4,300,000. Lets take $4,300,000 / $216,000 year revenue = 19 years to just pay that investment off NOT including what they would of lost on that investment just in an account earning lets say 5% in I bonds.
4,300,000 X .05 = $215,000 a year in interest conservatively.
So how does one make money with this?