BRRRR & Hold for my Son

[Patrick Winn]

Investment Info:

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

Purchase price: $235,000
Cash invested: $30,000

Duplex I bought for my son in Cleburne, Texas.
Buying them for my children helps me deal with the crap that sometimes comes up instead of selling them too quickly.

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

Cash Flow and future wealth

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

through an agent I had done a deal with in the past

How did you finance this deal?

Traditional mortgage

How did you add value to the deal?

Evicting the tenants and upgrading the floors, counters and paint.

What was the outcome?

one of my best ROI properties to date

Lessons learned? Challenges?

Evictions aren’t that hard but a manager can save your life.

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

My team