10-unit Multifamily Deal

[Hayden Duer]

Investment Info:

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

Purchase price: $1,340,000
Cash invested: $615,000

10-Unit Townhome Community Syndication

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

Multifamily has always been in my sights and I do not regret getting started!

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

A broker sent me the deal and we were able to agree to a price with seller financing and lock the deal up early enough and negotiated terms and renovation credits from there.

How did you finance this deal?

Debt: Seller Finance
Equity: Raised capital from friends and family

How did you add value to the deal?

Renovating 4 units and upgrading exterior

What was the outcome?

The rents have begun to drive the market and are seeing some quality cashflow.

Lessons learned? Challenges?

Make sure you have leverage in negotiating your deals. Once you have lost your leverage, you become vulnerable which can make or break a deal.