one multi family at a time

[Sarah Naska]

Investment Info:

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

Purchase price: $499,900
Cash invested: $35,000

2 bd 1 bth 800 sq ft units x4 units

rents $1600-$2000 per unit

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

Passive income is great

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

acquisitions team / creative financing or house hack / went back and forth till they agreed

How did you finance this deal?

cash / loan dcsr

How did you add value to the deal?

Furnishing appliance / outside oasis / lite DIY

Lessons learned? Challenges?

So mainly the realtors some underwriters need more education with investors savy strategies. You can have a solid realtor represent you, but if the other realtor is representing the sellers poorly, or not good with communication quickly or uneducated on terms, its hard to get to the closing table. A lot of times the other realtors can't communicate it, which causes deals to not close. People are not educated with this industry prior to taking the job. I want to get my license renewed again because of this.

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

La Shon Spicer is great in Pensacola. Florida. Patrick Waters and Tim Higgins as well with homefi