My first investment - Fourplex

[Berko Romano]

Investment Info:

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

Purchase price: $134,000
Cash invested: $155,000

My strategy in this deal is BRRR.
I've got a 3.75% interest rate as a foreign investor.

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

Cash flow and below-market price

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

Through realtor - was an off-market deal

How did you finance this deal?

Cash

How did you add value to the deal?

Renovation and negotiation

What was the outcome?

Excellent BRRR - money will get back after 3 years

Lessons learned? Challenges?

The biggest challenge - is finding the right deal

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

Relator that works with off-market deals