Cherry picked from our wholesale pipeline!! $375 for 4 units

[Alexander King]

Investment Info:

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

Purchase price: $375,000
Cash invested: $50,000

Multi-family in center of town in a coastal town right outside of New Haven, CT.

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

Class A asset, shortage of housing in this area, and value add options.

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

Through our wholesale business, cold call and set up a time to meet owner at the property. Negotiated on a handshake.

How did you finance this deal?

Private investor found through our closing attorney.

How did you add value to the deal?

Split utilities, added off street parking, interior renovations to 2 of the four units. Added laundry room.

What was the outcome?

More efficient management

Lessons learned? Challenges?

Try to have 5 gang meters on standy!!