Multi family fix buy and hold

[Nathan Eaton]

Investment Info:

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

Purchase price: $77,000
Cash invested: $85,000

BRRRR. This was our first BRRRR deal and our first deal using a Private lender. The Private lender helped us purchase and fund the renovations.

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

We want cash flow, to try and hit our financially free number!

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

MLS

How did you finance this deal?

Private lender

How did you add value to the deal?

We completely renovated this 3 unit.

What was the outcome?

We still have this property. Its fully rented and cash flows nicely

Lessons learned? Challenges?

This was an estate sale and we told the sellers we would clean out all the belongings that was left. well 3 dumpsters later we could finally start the renovations!