About this episode

Whitney Elkins-Hutten interviews John Makarewicz about the acquisition and renovation of the Faris Residences Georgetown in South Carolina.

Whitney Elkins-Hutten of PassiveInvesting.com   interviews multifamily expert John Makarewicz about the acquisition of Faris Residences Georgetown, a 66-unit deal in Georgetown, South Carolina. While initially hesitant about the 10,000-person market and the 1970s vintage of the property, John explains how his team saw the potential for a total top-to-bottom transformation. From replacing roofs to adding a dog park, they executed an aggressive 90-day exterior renovation that built immediate resident trust. Learn how they navigated a competitive bidding process, secured 5-year fixed-rate Fannie Mae debt with interest-only terms, and are now achieving rents that dramatically exceed their initial pro forma.

People in this episode

Host: Whitney Elkins-Hutten

Guest: John Makarewicz

Topics covered

• multifamily investing
• property acquisition
• real estate renovation
• market analysis
• competitive bidding
• financing

Keywords

• multifamily
• real estate
• renovation
• Georgetown
• Fannie Mae
• investment
• property management
• rental income

Mentioned in this episode

Organizations: PassiveInvesting.com

Places: Georgetown, SC, Georgetown

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