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Updated 6 months ago on . Most recent reply

User Stats

7
Posts
22
Votes
Robert Burns
22
Votes |
7
Posts

Cash Flow positive and Will Bring Rents to Market

Robert Burns
Posted

Investment Info:

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

Purchase price: $425,000
Cash invested: $130,000

Contributors:
Min Zhang

Min was awesome for a remote investor

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

Min found it and his team helped me form mine!

How did you finance this deal?

First Ohio, trad 30-year fix

How did you add value to the deal?

Put 30% down to flow positive immediately

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

Chris Wharton at First Ohio is fantastic to work with and made sure the deal closed on time

Most Popular Reply

User Stats

7
Posts
22
Votes
Robert Burns
22
Votes |
7
Posts
Robert Burns
Replied
Quote from @Scott Trench:

Awesome to see @Robert Burns! Can you let us know where this deal was located and what the cash flow is after you bring it to market rents? 

Also, where did you meet @Min Zhang and @Chris Wharton - did you connect with them here on BiggerPockets? 


 Yes I met Min here and after a few conversations and many emails we decided to do some business. He introduced me to Chris. Both are fantastic at what they do!

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