BRRR on Steriods

[Jason Crowe]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Jacksonville.

Purchase price: $825,000
Cash invested: $400,000

Purchased a Large Property that is commercial zoned with 30 year money. Property has 12 dwellings on it. Fixing for 350k budget and Appraised for 1.5mil, worth more as commercial, and cashflowing after PITI 5k a month. Financing very difficult to attain 30 year money after Rehab on commercial PUD designation but I did it given resourcefulness in the Jacksonville Market and network. The owner i met on site said I was the most trusted of all that she had met on site so she was confident in me.

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

Opportunity 2.6 million this property will be worth verified with appraisals. The seller and I are friends now and do business together even though a realtor was selling the property.

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

Evaluatoin Information

How did you finance this deal?

Special Private Financing

How did you add value to the deal?

2.6 million Costs 1.35 million

What was the outcome?

2.6 million valuation

Lessons learned? Challenges?

Go for it and believe you can do it.
Don't stop.

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

Myself, Private Financing, MLO myself.