Flip and hold investment strategy
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $315,000
Cash invested: $75,000
Bought a broken down triplex, 500/mo rental leases, flipped the property and now getting 1500/mo on leases. Definitely a great model I've established and happy to share.
What made you interested in investing in this type of deal?
The ROI on per door after the flip.
How did you find this deal and how did you negotiate it?
Saw it on MLS, it wasn't even off platform. Being loan officer I get access to a ton of off market deals, so happy to share this with anyone that is interested!
How did you finance this deal?
Conventional financing
How did you add value to the deal?
Flipped it completed from head to toe.
What was the outcome?
1K/mo per door increase in rents
Lessons learned? Challenges?
Challenges were the time it took to get the doors back online
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I was the lender but happy to help any other fellow investors with the loan aspect of things! As for agents, I have a few that are incredible in the valley that I am always happy to connect with.