BRRRR & Hold

[Patrick Winn]

Investment Info:

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

Purchase price: $215,000
Cash invested: $5,000

Duplex I purchased ‘as-is’ in 2023 and still have not had to do much of anything to it.
We treat our tenants very well and do a good job placing them and in turn they stay.
We negotiated some plumbing work and a new roof on it before we closed.

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

Cash Flow

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

It was on the market and not selling

How did you finance this deal?

Traditional Mortgage

How did you add value to the deal?

Treating tenants well and working with them.

What was the outcome?

Steady cash flow

Lessons learned? Challenges?

Being loving and honest with tenants will go a long way for you.

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

My Team