2 family BRRR or fox & flip

[Andres Ospina]

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $350,000
Cash invested: $200,000

Purchased this legal 2 unit multi family home.
Doing a complete gut rehab , adding bedrooms , square footage.
Will either sell it or BRRR and keep it long term.

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

Multiple exit strategies and bought below market value

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

A local agent brought me the deal

How did you finance this deal?

Hard money

How did you add value to the deal?

Added bedrooms,
Square footage, separate utilities

What was the outcome?

Still working on it

Lessons learned? Challenges?

Relationships with agents is key!

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

Hardnoney lenders, agents and title company