Jumping In & Figure Things Out

[Julien Jeannot]

Investment Info:

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

Contributors:
Gina Jeannot

BRRR & house hack Strategy

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

Property was ignored by investors due to poor marketing, priced above market and area stigma.
Upon closer look:
-Cosmetic rehab
-Poor management
-Great area
-Provided amenities

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

MLS
Negotiated reduction in price, new roof, gutters, and washer/dryer

How did you finance this deal?

Conventional

How did you add value to the deal?

Full rehab in both units
Landscape

What was the outcome?

Significant equity build and 3x the rental income

Lessons learned? Challenges?

Jump in, ignore the "guru" rules and figure out what works for you.