4 Bedroom and one Bath + Attic

[Andre Mariano]

Investment Info:

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

Purchase price: $45,000
Cash invested: $15,000

I bought this unit and realized the attic, although illegal, had the connections needed for a kitchen and bathroom so I created a 1 bedroom there!

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

the attic would increase my CoC

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

normal website, no negotiation

How did you finance this deal?

20%Down - Bank 80% at 40 years

How did you add value to the deal?

I completly remodel the attic to look incredibly good for a rental (will post video on my "André Mariano" YTB channel

What was the outcome?

first month of renting rn at 775 wich is great considering my previous investment rents for 325 a month

Lessons learned? Challenges?

i need to be on top of the workers, they fail greatly at details.