Carousel Investment property

[Account Closed]

Investment Info:

Small multi-family (2-4 units) other investment in El Paso.

Purchase price: $350,000
Cash invested: $40,000

2 long term rentals
2 STR (Airbnb)

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

opportunity presented if self couldnt pass on it

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

Partnership associate

How did you finance this deal?

FHA loan

How did you add value to the deal?

3 apts completely rehab
3 new air conditioning systems

What was the outcome?

Pending ARV
Near market value properties selling for $450,000 as is (not Rehab)

Lessons learned? Challenges?

Stick to my budgets an do go over!!!