First of many

[Gabriel Sastre]

Investment Info:

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

Bought a previously renovated Side by Side Duplex. Made some mistakes along the way but in the end ended up with a cash flowing property.

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

The market potential

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

Through a standard real estate app, through a realtor

How did you finance this deal?

Conventional

How did you add value to the deal?

The house was pre listed before final stages of renovation was completed. I’m handy and have a team so I offered to complete it myself saving the seller thousands and costing me little to nothing

What was the outcome?

I ended up with a cash flowing investment

Lessons learned? Challenges?

Lessons I learned, over research on the area you’re looking to invest in. I wasn’t familiar with certain Landlord laws in that city so it ended up costing me time and money delaying getting tenants. Luckily I was able to work through it.

In addition, I purchased the property at market cost. So even though I’m cash flowing it prevents me from being able to pull equity.