120-Unit Chevy Chase Apartments In Nacogdoches, TX With Ethan Diaz, Apartment Investing Expert
Multifamily Investor Nation · Whitney Elkins-Hutten
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Show Notes
Whitney Elkins-Hutten of PassiveInvesting.com interviews Ethan Diaz, a full-time operator and syndicator, about the acquisition and long-term holding strategy for the 120-Unit Chevy Chase Apartments in Nacogdoches, TX. Discover how they navigated an off-market deal, negotiated the purchase price down, and structured a non-recourse Fannie Mae loan with a 7-year term. Ethan also shares insights into their rigorous due diligence process and their investor partnership structure, including a 7/30 split and 7% preferred return, revealing the challenges and successes of raising capital in a fluctuating market.