Pine Street Settlement

[Jay Crouch]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $645,000

32 unit apartment complex

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

price per sq ft was $27

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

Real estate agent/broker

How did you finance this deal?

local bank

How did you add value to the deal?

preventative maintenance, new a/c systems, new water heaters, raising rents

Lessons learned? Challenges?

purchased in march 2019 a few days before the country was shut down. eviction moratorium caused a few problems but overall we did well