109 Forest ave

[Jonathan Buelow]

Investment Info:

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

Purchase price: $171,000
Cash invested: $14,600

4 unit property, each unit is a 1 bed/1bath ranging from 560-850sqft.

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

Step toward financial freedom

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

On-market deal for 180k was brought down to 171k. Had the seller fix the electric and heating as well as bring the units up to city code.

How did you finance this deal?

5% down conventional loan at 6.999% interest

How did you add value to the deal?

The plan is to turn 2 units into 2 beds/1 baths.

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

Kattie Ninkovik with Keller Williams out of New Berlin, WI was a great agent and Kevin from Stampfli Mortgage out of Madison, WI went way above and beyond as well as incredible communication throughout the entire experience.