4 family flip turned into repeat buyers

[Jonathan Bombaci]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Fitchburg.

Purchase price: $264,000
Cash invested: $53,000
Sale price: $385,000

Bought great 4 family in fitchburg at a great price from a retiring landlord looking to edit the game. We cleaned up a tenant situation and actually sold it off market to an investor. We kept the management of the building and the buyer has become a repeat client which has been great

What made you interested in investing in this type of deal?

Got it at a great price in a city we know well

How did you find this deal and how did you negotiate it?

Came to us off market from a retiring landlord

How did you finance this deal?

Commercial financing 20% down

How did you add value to the deal?

Got rid of a problem / hoarder tenant and cleaned the place up a bit

What was the outcome?

Great flip to a off market buyer who became a repeat customer