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Updated about 5 years ago,
5 Unit Commercial Long-Term Hold
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.