This my first buy and hold & rehab

[Cory Gibson]

Investment Info:

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

Purchase price: $415,000
Cash invested: $1,000

This project is not for the weak at heart!

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

The potential to add value and the cash flow after the rehab.

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

I found this deal by being in the right place at the right time litteraly.

How did you finance this deal?

Private money

How did you add value to the deal?

Complete renovation, considering adding extensions to 3 of the 5 units to make them 3/2 & increasing the rents to market value when the work is completed.