Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

1,472
Posts
1,049
Votes
Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
1,049
Votes |
1,472
Posts

5 Unit Commercial Long-Term Hold

Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
Posted

Investment Info:

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

Purchase price: $220,000
Cash invested: $1,000

Five unit commercial building, four bay garage off alley, and coin laundry. Everything is relatively new and should have a lower CapEX.

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

Property has great cashflow and is in great condition with long term renters.

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

Sources off market.

How did you finance this deal?

Private money at 3.5% interest!

How did you add value to the deal?

I sourced the deal and moved quickly to close.

What was the outcome?

Win-Win-Win for seller, wholesaler, and buyer.

Lessons learned? Challenges?

Let people know what you are looking to do and they will keep an eye out for you.

Loading replies...