First Rehab Project on a Multi-Unit Property - Lessons Learned

[Cheryl Floyd-Brown]

Investment Info:

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

Multi-unit property - 2 units

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

Higher return on investment

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

Found deal on MLS - our agent negotiated the deal for us

How did you finance this deal?

Family purchase property - spent personal funds to rehab

How did you add value to the deal?

Complete rehab done by our team

What was the outcome?

Valuable multi-unit property that generates great cash flow.

Lessons learned? Challenges?

When rehabbing an investment property, strictly stick to your budget. Remember it is an investment property and not your personal home.

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

No