Updated 11 months ago on .
multi family investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $145,000
Cash invested: $190,000
purchased some run down quad plexes that were barely livable. Kept them for a while. Did a construction loan on the property. Property appraised for 200k after improvements 600k. 340k mortgage 8500 a month cash flow.
What made you interested in investing in this type of deal?
it needed some TLC
How did you find this deal and how did you negotiate it?
Found it by word of mouth. Off Market deal. Talk to owner to negotiate it.
How did you finance this deal?
Bank
How did you add value to the deal?
construction loan
What was the outcome?
better cash flow more equity