Owner Occupied Tri plex

[Mauricio Salom]

Investment Info:

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

Purchase price: $1,100,000
Cash invested: $220,000

Invested in a triplex with my family that we currently occupy the property has appreciated well.

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

It is a very unique property, multiple units all with separate yards on a large lot, very nice street, walking distance to my rental very convenient since we self manage

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

1 block away from my current rental that I was working on I noticed on open house house on one of my many trips to home depot for material.
My wife represented us on the purchase and negotiated $100k credit due to foundation issues.

How did you finance this deal?

Conventional financing from Kenny Simpson

How did you add value to the deal?

New Foundation
New Roof

What was the outcome?

The property has appreciated well

Lessons learned? Challenges?

Don't be afraid to ask for large sums when negotiating

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

Realtor: Iris Salom
Financing : Kenny Simpson