5 unit apartment building

[Anthony Cortello]

Investment Info:

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

Purchase price: $550,000
Cash invested: $55,000

5 unit apartment complex

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

the neighborhood is very good

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

through real estate networking

How did you finance this deal?

Bond for Deed

How did you add value to the deal?

Bringing rents up to market average

What was the outcome?

Been going very well so far

Lessons learned? Challenges?

have to be more direct with more tenants living close to each other

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

yes