Today we are going to take a deep dive into a $230M foreclosure.
This foreclosure was due to 5 main reasons:
Mortgage payment increase
Rent collection decrease (evictions)
Property insurance increase by 40%
Property taxes increased by 20%
Have to buy interest rate cap
This important... not just because it's such a large foreclosure... but because we're seeing this all over the country. Regardless of how big the deal is.
How can you avoid this situation?
Find out on this week's episode of Multifamily Investing Made Simple!
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