Value added double

[Anthony Cortello]

Investment Info:

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

Purchase price: $150,000
Cash invested: $15,000

Residential double in quiet neighborhood in suburbs of New Orleans

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

Cash flow and under-rented at time of purchase

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

craigslist and purchased on a bond for deed

How did you finance this deal?

Bond for deed

How did you add value to the deal?

Upgraded kithcens & bathrooms, plumbing & vetted tenants to get more qualified tenants

What was the outcome?

Great so far

Lessons learned? Challenges?

Tenants don't always tell the truth. Create a better living space and usually better tenants follow

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

Yes