3 Family Investment on private street in West Hartford.

[Gary Robert Burnham Jr.]

Investment Info:

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

Purchase price: $325,000
Cash invested: $97,500

This 3 family house was purchased from an attorney that was doing a 1031 exchange into another investment property. This property cash flows nicely with excellent tenants.

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

My attorney friend was 1031 exchanging property and I liked it so I bought it.

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

My attorney friend

How did you finance this deal?

seller financing, then cash out refi into conventional.

How did you add value to the deal?

I was willing to work with the seller

What was the outcome?

excellent cash flowing 3 family property in West Hartford.

Lessons learned? Challenges?

Always listen to the seller and create a win win for both parties.