Atlanta Coliving Home

[Allison Butler]

Investment Info:

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

Purchase price: $450,000
Cash invested: $135,000

This is a coliving home. There are 13 bedrooms and 6 bathrooms.

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

Turnkey ready

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

Real estate agent informed my friend that she was representing an off-market seller based in NY.

How did you finance this deal?

DSCR

How did you add value to the deal?

Cosmetic updates

What was the outcome?

I have 11 tenants and 2 vacancies

Lessons learned? Challenges?

I was pretty well prepared. Nothing that I haven't been able to manage or handle.

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

I worked with a different lender but same real estate agent and contractor.