5 unit Brrrr in Pottstown PA

[Chris Good]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $90,000
Cash invested: $130,000

5 One-bedroom apartments.

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

I found it on Facebook, i didn't negotiate the sales price because it was already a great deal.

How did you finance this deal?

Hard money.

How did you add value to the deal?

Painted all the apartments, updated a bathroom, replaced a roof.

What was the outcome?

I was able to refinance it and put 50K in my pocket, I refinanced it again in 2021 and pulled out another 50K. My loan payment remained the same because I was able to get a lower interest rate.