Quad Purchase using OPM

[Kyle Jeppesen]

Investment Info:

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

Purchase price: $295,000
Cash invested: $59,000

Quad purchase using 80% hard money and 20% DP using credit card funding.

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

This property had a 9 car bay garage, 2 empty units and tenants that never paid. Once this property is stabilized, ARV will be 500k-600k.

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

MLS

How did you finance this deal?

80% Hard Money on a 30 year loan
20% DP using credit cards