First Multi-family BRRRR Deal In Southern Orchards

[Kerlous Tadres]

Investment Info:

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

Purchase price: $176,000
Cash invested: $80,000

Off-Market Deal in Southern Orchards that was found through cold-calling. Rehab process was kind of messy but we got it done. Learned a lot from this first rehab project.

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

Great long-term BRRRR deal.

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

Found it through cold calling

How did you finance this deal?

Hard money

How did you add value to the deal?

Full rehab-paint, flooring, granite countertops, added bathrooms

What was the outcome?

Renting each side for about $1350-1399

Lessons learned? Challenges?

Hire reliable contractors. They will save you nightmares

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

Yes, I would. Alex from Wildcat Lending