140-Unit 101 Elwood In Baltimore, MD With Tenny Tolofari, Apartment Investing Expert

Whitney Elkins-Hutten of PassiveInvesting.com interviews apartment investing expert Tenny Tolofari in today’s episode. Tenny shares the challenges and surprises faced during the deal, including issues with loan assumption, undisclosed tenant profiles, and unexpected Airbnb subletting. He emphasizes the importance of thorough financial due diligence and clear communication with lenders. Despite the obstacles, Tenny discusses the successful closing of the deal, utilizing a 1031 exchange, and the ongoing plans to improve property performance. The episode provides valuable insights for real estate professionals navigating similar challenges in the multifamily sector. Tune in for more!