Single Family house Converted to MF

[Nick Beveridge]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Coeur D Alene.

Purchase price: $110,000
Cash invested: $80,000

Rehab from hell. Converted a Single Family house to Multi Family.

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

Great price and BRRRR potential

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

Referred to me by another investor that didn't want to take it on.

How did you finance this deal?

Hard Money

How did you add value to the deal?

$135,000 and 7 months of rebuilding the house

What was the outcome?

Great cashflow

Lessons learned? Challenges?

Get permits early.