Cash-flowing, small multi-family (2-4 units) buy & hold investment in New Orleans.

[Jon Lester]

Investment Info:

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

Purchase price: $250,000

I worked with a buyer that I met here on Bigger Pockets and connected her with a deal in New Orleans on a 4-plex. She's owner-occupying one unit (house hacking), and renting out the other 3. All 3 other units are government subsidized at 125% market rent, and she's able to cash-flow the deal, even at current interest rates.

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

Cash flow and appreciation.

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

Off-market channels before it hit the MLS, so we were able to make the first offer.

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

I am the agent who found and negotiated this deal.