My client had a budget and we made it happen!

[Angie Castro]

Investment Info:

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

Purchase price: $700,000
Cash invested: $140,000

I had a buyer with a limited budget for a multi-family and I work along my network to find him a property and to make the deal happen. Off-market you might find a good deal but on market YOU MAKE THE DEAL HAPPEN.
We successfully walked the seller back $150,000 so the deal would make sense!

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

We found this deal on market through catalyst

How did you finance this deal?

Conventional loan

How did you add value to the deal?

4 out of the 8 units still needed to a rehab

What was the outcome?

A happy client and a great deal!

Lessons learned? Challenges?

You can always create a deal!

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

Yes, I worked along Matt Crawford on this one!