4 Family BRRRR deal of MLS

[Todor Ialamov]

Investment Info:

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

Purchase price: $565,000
Cash invested: $220,000

This was a 4 Family we bought of MLS. We are evicting all of the existing tenants and will be putting around $60,000 for repairs. The ARV is around $800,000.

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

It was offered at a great price

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

MLS. We were the first ones to see it and made a deal right away. Rest of the showings were canceled.

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

By evicting current tenants, updating apartments and charge market rents.

Lessons learned? Challenges?

There are plenty of good deals on MLS