4 plex Buy and Rehab

[Eric Campbell]

Investment Info:

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

Purchase price: $170,000
Cash invested: $110,000

Bought a major rehab unit. Partner/contractor had personal situation that delayed rehab. Working on rehab currently. Hope to have in move in condition 11/19.

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

Long term cash flow

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

Criagslist, negotiated through an agent

How did you finance this deal?

owner finance. Out of pocket for rehab. Will refinance when complete.

How did you add value to the deal?

Provided cash and labor

What was the outcome?

In process

Lessons learned? Challenges?

Rehabing is not as difficult as I expected. Helps to have a great partner that was also a contractor for many years.

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

Yeah, Dustin Renner