My first Multifamily BRRR

[Brian Baker]

Investment Info:

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

Purchase price: $180,000
Cash invested: $100,000

This is my newest multifamily BRRR. It's a huge project. I can't wait to make it a great rental for some folks.

Youtube Playlist link: https://youtube.com/playlist?list=PLogWep7oONLKU0PuiFY54VuEtyY_xTjN9

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

I could afford it, and the numbers worked out as far as I could tell.

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

MLS. I went back and forth with the owner on price and terms.

How did you finance this deal?

Hard money

How did you add value to the deal?

Renovations and added bedrooms and bathrooms to the downstairs space.

Lessons learned? Challenges?

I'm still learning and working through challenges every day!

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

Absolutely, My real estate agent is Donna Baker out of New Braunfels Texas JB Goodwin office

[Wale Lawal]

Hello @Brian Baker

Multifamily gives you opportunity to increase NOI through adding services like Internet, parking etc. on top of rent and eventually increase the value of the Multifamily property.

Investors are using a lot of innovative strategies to increase the NOI, so keep learning.

All the Best!