Watermark bldg. in Plaza District

[Ryan Edwards]

Investment Info:

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

Purchase price: $300,000
Cash invested: $400,000

4 unit building in The Plaza District.

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

Monthly cash flow.

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

Found it on CoStar.com

How did you finance this deal?

Cash/ Commercial loan.

How did you add value to the deal?

Remodeled property and found top of market tenants.

What was the outcome?

Units lease quicker and for more money than anticipated.

Lessons learned? Challenges?

Good contractors are extremely rare and hard to find.

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

Me. LOL