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Updated over 2 years ago,
4 Family Investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $327,000
Cash invested: $86,000
-4 units with 2 bed, 1 bath
- A total of 3,328 sqft
- Open parking
What made you interested in investing in this type of deal?
I am working to build generation wealth and work on my own terms.
How did you find this deal and how did you negotiate it?
I searched for months on Zillow and Realtor.com
How did you finance this deal?
Conventional Loan and Cash
How did you add value to the deal?
By bring cash to the deal.
Lessons learned? Challenges?
I learned that I have to do a thorough assessment of the building before the inspector because I have found things after the fact that should not have passed the inspection.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Real Estate Agent Bee Moore
Lender- Lima Capital One