Working on another sale

[Logan Hassinger]

Investment Info:

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

Purchase price: $170,000
Cash invested: $37,500
Sale price: $375,000

MultifamilyEuless.com

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

In my backyard know the market very well.

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

Direct mail to local area

How did you finance this deal?

Conventional portfolio loan with 30yr Am at 4.5

How did you add value to the deal?

No value add, purchased a fully rehabbed property from a distressed seller

Lessons learned? Challenges?

Always understand your tenant base first before buying rental property. Then provide those tenants with what they are looking for.