West Covina Buy, Rehab, Rent, Hold, Refinance

[Dennis Juanir]

Investment Info:

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

Purchase price: $145,000
Cash invested: $5,000

3 bedroom house, converted into a triplex.

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

Real estate agent

How did you finance this deal?

FHA

How did you add value to the deal?

Divide rooms, add bathroom, exit doors.

What was the outcome?

Positive cash flow. Refinanced and used equity to refinance purchase of other properties.