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Updated about 1 year ago, 10/23/2023
PML deal #7: Boarding house conversion into a single-family
Investment Info:
Small multi-family (2-4 units) private money loan investment in Hampton.
Purchase price: $48,000
Contributors:
Marsay Winder
(09-23-2023) Private Money lending deal #7, with Marsay Winder a.k.a. The Property Pastor. This property is a former boarding house rented out by the room, which is being converted (back) into a single family residential.
What made you interested in investing in this type of deal?
PML deals are passive RE investing strategy
How did you finance this deal?
Self-directed Roth IRA
How did you add value to the deal?
Having capital available for a 72-hour closing timeline.