Historic Mansion mixed use development

[Robin Casper]

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $65,000
Cash invested: $70,000

Historic Mansion mixed use commercial development project.

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

The Architecture, historic district tax advantages, purchase price and projected profit.

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

I talked to neighbors. It was listed for $180k I got it under contract for $65k

How did you finance this deal?

cash

How did you add value to the deal?

Put a brand new $50 tarp on the roof to stop it from leaking.

What was the outcome?

TBD

Lessons learned? Challenges?

TBD

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

No