Buy and Hold- Partnered with 2 guys

[Dustin Ochoa]

Investment Info:

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

Purchase price: $550,000
Cash invested: $110,000

Bought an off market triplex & 4 Plex. Rent was $500 Oct of 2021. Have been making improvement and raising rents now @ $700-800 a month

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

Off market and could see the value because the rents were so low and it was in NWA

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

One of my friends knows I do investing

How did you finance this deal?

Bank financing

How did you add value to the deal?

Updating the property & raising rents

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

I am the Realtor and worked with Lender Brent Spencer @ Firstar in Fort Smith