66-Unit Faris Residences Georgetown in Georgetown, SC With John Makarewicz, Apartment Investing Expert

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.