A year to close 107 Unit Complex - A Donahue Baker

A Donahue Baker is a CPA turned full-time real estate investor. He is a real estate developer, author, speaker, and entrepreneur. Donahue now focuses on acquiring value-add apartment complexes and providing people with affordable housing. In this episode, he shares the most challenging deal he ever faced, a 107-unit complex that took a year to close.

[00:01 – 13:29] Providing Affordable Housing

Donahue talks about his background and journey to affordable housing
A CPA in his previous life
Focuses on purchasing value-add apartment complexes
Grabbing his most challenging deal.
- Donahue walks us through the process of acquiring their 107-unit complex.

[13:30 – 24:29] Hurdles and Setbacks

The major deficiencies in the management of the previous owners of the 107-unit complex
Other people seeing opportunities in Donahue’s deal
The hurdles and setbacks
The deal failed 3 times in a year

[24:30 – 27:38] Closing Segment

Final words of wisdom for the listeners:
“Opportunity is all in every difficulty.”
“It’s important to analyze your deals from various perspectives.”
Final thoughts

Tweetable Quotes:

“If you know what to look for, for me, it’s like really looking for the opportunity to do a tremendous value-add.” – A Donahue Baker

“I learned along the way. So, now I have a different mindset.” – A Donahue Baker

Resources Mentioned:

Generational Wealth: That’s The Key by A Donahue Baker

You can connect with Donahue on the following platforms:

Instagram: @adonahuebaker
Facebook: @adonahuebakerpage
Twitter: @ADonahueBaker

Get his book Generational Wealth: That’s The Key for free by subscribing to his YouTube Channel at A Donahue Baker or by joining the Generational Wealth Builders (The Inner Circle) Facebook group.

Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3

Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC

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