First Partner Purchase

[Dustin Ochoa]

Investment Info:

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

Purchase price: $505,000
Cash invested: $130,000

1/3 Partner deal our first purchase together Purchased 2 4-plexes. Rents were $495 now they are currently averaging $695. We have remodel 6 of the 8 as people have moved out. Also got an amazing interest rate

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

It was listed for $565k we just through out $505k and they took it

Lessons learned? Challenges?

Wish we have more of these

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

I was the Realtor