Paying over appraisal value

[George Wang]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Long Beach.

Purchase price: $1,700,000
Cash invested: $750,000

4 plus one none conforming unit.

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

Income was what got me.

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

am a broker so I found it through MLS

How did you finance this deal?

Regular conforming loan

How did you add value to the deal?

This one was turn key