7-unit BRRRR buy & hold

[Jordan Connett]

Investment Info:

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

Purchase price: $1,050,000
Cash invested: $250,000

7 unit BRRRR deal

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

cashflow + equity appreciation

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

off market. self-representedd

How did you finance this deal?

portfolio bank financing to yr baloon

How did you add value to the deal?

complete remodel of each unit

What was the outcome?

fully rented with great cashflow

Lessons learned? Challenges?

remodel will always cost more.