Rented and Refinance applied for

[Thomas Ingrao]

Investment Info:

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

Purchase price: $40,000
Cash invested: $14,000

Refinance applied for $82,000! Full renovation of lower and upper unit over approximately five months.

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

Value add

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

Agent brought it to me before it went on market.

How did you finance this deal?

Seller finance initially, bank mortgage now.

How did you add value to the deal?

Full renovation