8plex in smaller community

[Mark Jones]

Investment Info:

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

Purchase price: $150,000
Cash invested: $45,000

8 plex Buy and hold for now

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

The price and they are building a 50 million dollar casino at the edge of town

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

Realtor friend, negotiated with the property manager

How did you finance this deal?

Majority was cash, remainder is hard money until completed

How did you add value to the deal?

Laundry and storage

What was the outcome?

to be seen, not completed as of yet

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Other than my friend and always recommend him