Full Rehab needed on 4Plex

[Toby Kienzle]

Investment Info:

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

Purchase price: $30,000
Cash invested: $100,000

4 plex in dire need of a full rehab.
Plan is BRRRR or fix and flip.

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

Seems like either a good BRRRR property or a fix & flip.

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

Broker. Seller was very motivated.

How did you finance this deal?

Mostly cash. Using financing for the rehab.

How did you add value to the deal?

Property needs 90% rehab.

What was the outcome?

Work in progress. Hope to be done by August.

Lessons learned? Challenges?

Always budget for more.